Tag: the Precautionary and Liquidity Line
Headlines Morocco

Morocco ‘Made Strides’ in Reducing Fiscal Vulnerabilities, IMF says

North Africa PostComments Off on Morocco ‘Made Strides’ in Reducing Fiscal Vulnerabilities, IMF says

Despite unfavorable regional and international conditions, Morocco’s economy is making strides in terms of reducing fiscal and external vulnerabilities, said Mitsuhiro Furusawa, IMF Deputy Managing Director and Acting Chair of the Board. “Despite the difficult global and regional environments, Morocco has made significant strides in reducing fiscal and external vulnerabilities and addressing medium-term challenges,” Furusawa […]
Finance Headlines Morocco

Morocco receives IMF’s Precautionary Liquidity Line worth $3.47 bln

North Africa PostComments Off on Morocco receives IMF’s Precautionary Liquidity Line worth $3.47 bln

The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]