02301cas a2200241 a 4500 AALejournalIMF015993 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513517506 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Morocco : First Review Under the Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (42 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Morocco's First Review Under the Arrangement Under the Precautionary and Liquidity Line (PLL). The Moroccan authorities are committed to sustaining sound policies. The government's economic program remains in line with key reforms agreed under the PLL arrangement, including to further reduce fiscal and external vulnerabilities, while strengthening the foundations for higher and more inclusive growth. The transition to greater exchange rate flexibility initiated in 2018 is expected to enhance the economy's capacity to absorb shocks and preserve its external competitiveness. The current favorable economic environment remains supportive to continue this reform in a carefully sequenced and well-communicated manner. The report recommends that continued reforms are needed to raise potential growth and reduce high unemployment levels, especially among the youth, increase female labor participation, and reduce regional disparities. Reforms of education, governance, the labor market, and the business environment would help support more private sector-led growth and job creation. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/317 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/317/002.2019.issue-317-en.xml IMF e-Library