LEADER 02820nam a22004334a 4500
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008 020129s2019 dcu o i00 0 eng d
a| 1498303064 : c| 18.00 USD
a| 10.5089/9781498303064.002 2| doi
a| DcWaIMF b| eng
a| International Monetary Fund. b| Statistics Department.
a| Morocco : b| Technical Assistance Report-Monetary and Financial Statistics Mission (July 17 - 28, 2017).
a| Washington, D.C. : b| International Monetary Fund, c| 2019.
a| 1 online resource (17 pages)
a| text b| txt 2| rdacontent
a| computer b| c 2| rdamedia
a| online resource b| cr 2| rdacarrier
a| IMF Staff Country Reports
a| Part of the IMF eLibrary collection.
a| Restricted for use by site license.
a| This Article IV Consultation highlights deep-rooted weaknesses in the banking system that have undermined economic activity and are now threatening financial stability and fiscal sustainability. Significant deposit outflows have left the banking system with low liquidity, while persistent losses and high levels of nonperforming loans resulted in sizable recapitalization needs, particularly in the state-owned bank. Growth is projected to remain subdued in the coming years, reflecting continued banking sector deleveraging and a less favorable external environment, most notably in Italy. Slow progress in repairing the banking sector and full and up-front recognition of the state's financial commitments to the banking system are the key risks. Urgent actions are needed to restore banking sector viability and credit supply, safeguard public finances, and promote sustained economic growth. It is recommended that the labor supply be strengthened by better targeting social benefits and further relaxing the hiring process for nonresidents.
a| Description based on print version record.
a| Banks 2| imf
a| Environmental Accounts 2| imf
a| Mathematical and Quantitative Methods 2| imf
a| Measurement and Data on National Income and Product Accounts and Wealth 2| imf
a| Mortgages 2| imf
a| Other Depository Institutions 2| imf
i| Print Version: t| Morocco: Technical Assistance Report-Monetary and Financial Statistics Mission (July 17 - 28, 2017) d| Washington, D.C. : International Monetary Fund, 2019.
a| IMF eLibrary
a| IMF Staff Country Reports; Country Report ; v| No. 19/76
u| http://hdl.library.upenn.edu/1017.12/2508792 z| Connect to full text