Highlights

IMF reconfirms the eligibility of Morocco to Precautionary and Liquidity Line : 01/08/2017

IMF reconfirms the eligibility of Morocco to Precautionary and Liquidity Line

During its meeting held on Tuesday 1 August 2017, IMF Board of Directors reconfirmed the eligibility of Morocco to Precautionary and Liquidity Line (PLL) following the second semester review of this line carried out by IMF services during the period running from 29 June to 10 July 2017. It is worth recalling that the agreement related to PLL was entered into July 2016 for an amount of USD 3.4 billion.

After this meeting, IMF Board of Directors highlighted the strength of the microeconomic foundations and the good orientation of our country's economic policies and praised the determination of authorities to prusue the structural reforms aiming at guaranteeing a strong, sustainable and inclusive growth.

IMF full release:

http://www.imf.org/fr/News/Articles/2017/08/01/pr17309-imf-executive-board-concludes-the-second-review-under-pll-for-morocco