The Board of Directors of the International Monetary Fund (IMF) reaffirmed Friday, January 31st 2014, the continuous eligibility of our country to benefit from the Precautionary and Liquidity Line (PLL) after the third review of this line led by the fund during last December.
Morocco benefited from this facility from the IMF in August 2012 of $ 6.2 billion, for a period of two years. The eligibility of Morocco to the PLL reflects the confidence of the IMF in the government’s economic policies and its structural reforms to rebuild budgetary and external leeway and promote a stronger and inclusive growth. In this context, the Fund’s Board of Directors welcomed the recent steps taken by the government to strengthen the fiscal framework and master macroeconomic balances.
It also called for the acceleration of structural reforms to support the competitiveness of the economy, ensure a stronger and more employment-generating growth and enhancing social protection, especially for the most vulnerable populations.
The renewal of this facility constitute another insurance for our country against any risk of an increasing deterioration of the international environment and thereby contribute to further strengthening the confidence of foreign investors and financial partners in Morocco’s economic and financial outlook .