Highlights

The International Monetary Fund reconfirms the eligibility of Morocco to the precautionary and Liquidity line (LPL) : 24/07/2015

The International Monetary Fund reconfirms the eligibility of Morocco to the precautionary and Liquidity line (LPL)

The Board of Directors of the International Monetary Fund (IMF) reconfirmed at its meeting held Friday, July 24th, 2015, the eligibility of Morocco to the second precautionary and Liquidity line (LPL) whose agreement has been concluded in July 2014 and, following the review of this facility led by a mission from IMF in May. The Board also approved at the same meeting, the results of the ex-post evaluation of the first LPL granted to Morocco in 2012.

Following this meeting, the Board of Directors of the IMF issued a press release in which it praised the good performance of the Moroccan economy and the relevance of policies adopted to reduce fiscal and external vulnerabilities while emphasizing progress in structural reforms to ensure strong, sustainable and inclusive growth.