The International Monetary Fund reconfirms the eligibility of Morocco to the Precautionary and Liquidity Line
16/12/2019
The Board of Directors of the International Monetary Fund (IMF) reconfirmed, during its meeting held on Friday, December 13, 2019, Morocco's eligibility for the Precautionary and Liquidity Line (PLL), following the 2nd review conducted by IMF during the period from October 29 to November 8, 2019. It should be noted that the PLL agreement was concluded in December 2018 for an amount of US $ 3 billion and is scheduled to end on December 16, 2020.
Following this meeting, the board of directors of the IMF expressed its support for the program of reforms undertaken by Morocco and considers that the economic policy pursued by our country is sound and that its economic fundamentals are solid. The board stressed the need to accelerate the implementation of tax reform and control the wage bill to lower the public debt-to-GDP ratio while securing priority investment and social spending in the medium term. They also encouraged our country to pursue the structural reforms necessary to boost the level of potential growth, lower unemployment among the youth, increase female labor participation, and reduce regional disparities.
Full IMF press release
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