The International Monetary Fund Agrees on a $5 Billion Credit Line for...

The International Monetary Fund Agrees on a $5 Billion Credit Line for Morocco

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IMF head: Christine Lagarde
IMF CEO: Christine Lagarde

The International Monetary Fund (IMF) has agreed on a $5 Billion credit line to Morocco, for reassuring the kingdom’s economic policies for foreign investors.

This credit line aims at replacing the ongoing two-years $6.2 Billion precautionary liquidity line, which is ending by August, that Benkirane’s government took to secure Morocco’s imports against unpredictable international petroleum┬áprice fluctuations.

According to the IMF, this credit line will allow Morocco to “achieve a rapid and inclusive economic growth”.

The Moroccan Times.