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Morocco - Country Assistance Strategy (Inglês)

In 1983 Morocco initiated an extensive adjustment and stabilization program assisted by the World Bank and the International Monetary Fund, resulting in downward spiraling budget and current account deficits as well as a substantial growth in output and rapidly expanding exports triggering a per capita income rise. Key structural adjustments made to transform the economy from state-controlled to market-oriented included introducing a value-added tax and a general income tax; reducing protections and relaxing regulated prices; initiating a successful privatization program; and streamlining the business environment. However, the recent slowdown, due partly to severe droughts particularly effecting the rural regions, a sluggish European economy - Morocco's chief market-and partly to insufficient diversification, has exposed persistent structural weaknesses and has almost reversed the gains made in economic performance and in poverty reduction. In the short term, Morocco will have to establish a firm base for sustaining improvement in economic performance while it reduces social disparities and strengthens political consensus. The Country Assistance Strategy (CAS) identifies medium-term priorities as enhancing competitiveness and fostering a more dynamic private sector; deepening financial consolidation; focusing on human resource development; implementing a coherent rural development strategy; improving natural resource management, particularly for water; and building a more effective and efficient public administration. The CAS outlines the financial resources the Bank proposes to make available as well as its non-lending services aimed at fostering community participation, supporting private investment, and institution building. Portfolio management and donor coordination are other assistance strategies the Bank will employ to stabilize the Bank's exposure while increasing quick-disbursing support. The strategy's success will be tagged to substantial progress achieved in articulating and implementing the economic and social reforms identified.

Detalhes

  • Data do documento

    1997/01/08

  • TIpo de documento

    Documento sobre Estratégias de Assistência ao País

  • No. do relatório

    16219

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Marrocos,

  • Região

    Oriente Médio e Norte da África,

  • Data de divulgação

    2010/06/24

  • Disclosure Status

    Disclosed

  • Nome do documento

    Morocco - Country Assistance Strategy

  • Palavras-chave

    general agreement on tariffs and trade;Incremental Capital-Output Ratio;rural area;free trade agreement;civil service reform program;economic and social performance;access to financial service;private participation in infrastructure;debt outstanding and disbursed;real effective exchange rate;social disparity;social disparities;Public Enterprise Reform;Natural Resource Management;education and health;external competitiveness;reform effort;budget deficit;current account balance;social development agenda;current account deficit;integrated rural development;human resource base;financial sector reform;capital account convertibility;savings and investment;public sector reform;central administration;bank assistance;urban unemployment;Agriculture;urban middle class;water pricing policies;piece of legislation;flexible exchange rate;integrated environmental management;world trade organization;scarce water resource;rural development efforts;high fertility rate;ministries of finance;loss of revenue;improving resource allocation;birth at home;female literacy rate;human resource development;public health programs;value added tax;regional trade integration;balance of payment;quality assurance standard;food import bill;quality of care;public investment program;environmental action plan;rural development strategy;financial sector adjustment;Public Administration Reform;terms of policy;opportunity for woman;participation in politics;support for investment;river basin authority;liberalization of interest;comprehensive education reform;primary school enrollment;public sector modernization;poverty alleviation program;public external debt;process of integration;per capita income;cost recovery measure;direct foreign investment;public enterprise rationalization;rural infrastructure program;concentration of poverty;budget deficit reduction;rehabilitation of facility;health financing scheme;women in development;infrastructure and services;current account convertibility;severe budget constraint;maternal mortality rate;Wage Bill;economic reform;privatization proceeds;adjustment effort;social objective;comparator country;business environment;adjustment lending;public debate;private investment;domestic saving;Macroeconomic Stability;severe drought;global economy;fiscal deficit;social stability;rural income;Labor Market;outreach effort;rural woman;institution building;social agenda;Emerging economies;reform scenario;Basic Education;employment generation;institutional strengthening;rural investment;monetary policy;incentive framework;domestic debt;social priority;gross investment;Public Spending;macroeconomic balance;traditional investment;food subsidies;budget reallocations;competitiveness agenda;budget procedure;universal suffrage;reform process;public expenditure;portfolio performance;pregnant woman;reform priorities;social pact;community participation;export growth;accelerating growth;emerging economy;debt service;average rainfall;fiscal balance;Business Climate;project sustainability;competitiveness strategy;complementary policies;public debt;fiscal issue;physical infrastructure;adjustment program;agricultural value;industrial sector;global environment;external shock;long-term growth;economic competitiveness;monitoring indicator;social gap;sustainable way;agriculture product;political environment;Labor Union;business network;local expertise;manufacturing good;participation rate;tax fraud;live birth;health delivery;Gender Gap;gender issue;sensitive issues;medium-size enterprise;creating job;rural girl;concessional term;social cohesion;public-private partnership;rainfed agriculture;external environment;Natural Resources;open economy;targeted food;social insurance;international competitiveness;institutional framework;promoting growth;judicial system;privatization agenda;financial autonomy;customs administration;flat surcharge;investment planning;Labor Law;water quality;job opportunities;job opportunity;rural-urban migration;moroccan dirham

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