The IMF confirms Morocco's eligibility to the precautionary and liquidity line (LPL) of 6.2 billion dollars : 04/08/2013
The Executive Board of the International Monetary Fund (IMF) confirmed at its meeting, Wednesday, July 31st 2013, Morocco's continuing eligibility to the precautionary and liquidity line (LPL). This confirmation would reassure investors and foreign financial partners as well as rating agencies on Morocco's economic outlook. It also translates the IMF's trust in economic policies and structural reforms undertaken by the public authorities for the recovery of public finance and external accounts areas, as well as achieving a strong global growth. This line of 6.2 billion dollars for a period of 2 years is estimated to be 700 pc of Morocco's share in this international financial institution. The IMF executive board stressed the government's recent measures to control the budget deficit, calling for accelerating structural reforms to support the competitiveness of the national economy and maintain macro-economic balances.