Morocco : Technical Assistance Report-Monetary and Financial Statistics Mission (July 17-28, 2017).

This Article IV Consultationa 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 an...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund. Statistics Dept
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2019.
Colecção:IMF Staff Country Reports; Country Report ; No. 2019/076
Acesso em linha:Full text available on IMF
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110 2 |a International Monetary Fund.  |b Statistics Dept. 
240 1 0 |a Morocco: Technical Assistance Report-Monetary and Financial Statistics Mission (July 17-28, 2017).  |l French 
245 1 0 |a Morocco :   |b Technical Assistance Report-Monetary and Financial Statistics Mission (July 17-28, 2017). 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2019. 
300 |a 1 online resource (17 pages) 
380 |a July 17. 
490 1 |a IMF Staff Country Reports 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This Article IV Consultationa 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. 
538 |a Mode of access: Internet 
830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2019/076 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/002/2019/076/002.2019.issue-076-fr.xml  |z IMF e-Library