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Law > Business and Financial

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Cover IMF Staff Country Reports
Morocco: Third Review under the Arrangement under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco
International Monetary Fund. Middle East and Central Asia Dept.
This paper reviews Morocco's economic performance under a program supported by a two-year Precautionary and Liquidity Line (PLL) arrangement. Macroeconomic conditions of Morocco have continued to improve, but challenges remain same. Continued reform implementation will be essential to strengthen macroeconomic buffers and promote higher and more inclusive growth. Sustained implementation of structural reforms will be critical to boost potential growth in the medium term. The authorities intend to continue to treat the current arrangement as precautionary, and are still assessing possible options regarding Morocco's exit strategy and the potential need for a successor arrangement. Overall, Morocco continues to meet the qualification criteria for a PLL arrangement.
Keywords:
ISCR; CR; financial market volatility; IMF Deputy managing director; policy; deficit; end-December deficit target; PLL review report; IMF's executive board; Credit; Global; Maghreb
Cover IMF Staff Country Reports
United Republic of Tanzania: Fourth Review Under the Policy Support Instrument: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for United Republic of Tanzania
International Monetary Fund
This paper discusses key findings of the Fourth Review under the Policy Support Instrument (PSI) for the United Republic of Tanzania. By October 2008, inflation had risen to 11.8 percent mainly reflecting the surge in global food and fuel prices, but is expected to begin to recede. Poverty indicators have improved, although progress is slower than hoped in some areas. The outlook for 2009 is for continued robust growth, but the current global environment poses serious downside risks. Despite some slippages, there has been good progress on the PSI-supported program.
Keywords:
ISCR; CR; authority; inflation; prudent monetary policy framework; economic statistics; tax exemption regime; central bank; anchor inflation expectation; development expenditure; expenditure side; policy advice; growth potential; broad money; Trade balance; Tax administration core functions; Global; Africa
Cover IMF Staff Country Reports
United Republic of Tanzania: Third Review Under the Policy Support Instrument: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tanzania
International Monetary Fund
Tanzania’s performance ranks among the best for non-oil exporting countries in sub-Saharan Africa. The 2008/09 budget will aim at maintaining hard-won fiscal stability in the face of large spending needs and uncertain financing. Tighter budget constraints highlight the need to further expand the revenue base and achieve greater efficiency and effectiveness of government spending. Building on its recent success of reining in reserve money growth, the Bank of Tanzania (BoT) will aim to gradually bring down inflation to its medium-term objective of 5 percent.
Keywords:
ISCR; CR; WEO oil price projection; fund; authority; ban; Tanzania's economic growth prospect; world economic growth; staff appraisal; power sector reform agenda; Trade balance; Global; Southern Africa; Africa