02030cas a2200241 a 4500 AALejournalIMF017917 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484317518 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Morocco : Ex-Post Evaluation of Exceptional Access Under the 2014 Precautionary and Liquidity Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Morocco. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (33 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 Ex Post Evaluation of Exceptional Access Under the 2014 Precautionary and Liquidity Line (PLL) Arrangement. The case of Morocco demonstrated that with strong ownership, parsimonious conditionality can be effective in delivering on program commitments. The PLL arrangement with Morocco was successful in helping to reduce vulnerabilities. Fiscal balances improved, and the fiscal objective-a gradual reduction of the budget deficit to 3 percent of GDP by 2017-appropriately balanced the need to bring the debt-to-GDP ratio down closer to 60 percent in the medium term, while allowing for necessary investment and social spending. Going forward, to achieve higher and more inclusive growth, Morocco will require continued strong policies and accelerated fiscal and structural reforms. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/265 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/265/002.2017.issue-265-en.xml IMF e-Library