Morocco and the International Monetary Fund

The IMF has typically worked to promote liberalization of the Moroccan economy and to maintain the stability and liquidity of finances in both the public and private sectors.

Nonetheless, the only specific IMF programs that have ever been put in place in Morocco are the annual Article IV consultations.

More specifically, the issues that the IMF is concerned with in regards to the Moroccan economy are excessively high unemployment rates in the population, issues stemming from political conflicts in the region and risks linked to fragility of the euro in light of the strong dependency of the dirham on the euro.

These types of agreements provided by the IMF are more specifically designed "in the event of a severe balance of payment crisis caused by deterioration in the international economic situation".

[2] The conditions of the agreement involve several reforms in various sectors including fiscal and monetary policy that authorities are obliged to implement.