Morocco obtains IMF flexible credit line worth $4.5 bln – The North Africa Post

For the second time, Morocco has obtained IMF approval for a flexible credit line (MCL), this time worth $4.5 billion. The post IMF: Morocco secures a new flexible credit line appeared first on LesEco.ma.

Washington – The Board of Directors of the International Monetary Fund (IMF) has approved a new two-year agreement for Morocco under the Flexible Credit Line (MCL), designed for crisis prevention, amounting to about $4.5 billion. 的Morocco is eligible for the LCM thanks to its strong institutional and fundamental economic frameworks, its history of implementation of very rigorous policies and its continuing commitment to maintaining these policie…

Morocco obtains IMF flexible credit line worth $4.5 bln – The North Africa Post

The IMF has approved a flexible credit line worth $4.5 billion to help Morocco cushion against external shocks. The two-year arrangement will be treated by Moroccan authorities as precautionary, the IMF said in a statement. “The Moroccan economy has shown a sustained track record of implementing very strong policies and remarkable resilience to recent shocks, […]

IMF loans Morocco $4.5bn to support economy

The International Monetary Fund (IMF) has approved a new credit facility for Morocco to help in crisis prevention and to support reform. The new two-year $4.5 billion flexible credit line (FCL) will assist the country in rebuilding buffers and accelerating structural reforms in an uncertain external environment, the IMF said in a statement. The facility will provide Morocco insurance against downside risks, as the economy remains vulnerable to w…