The IMF approved today a successor two-year arrangement for Morocco under the Flexible Credit Line (FCL), designed for crisis prevention, of about US$ 4.5 billion. Morocco qualifies for the FCL by ...

WASHINGTON, April 2 (Reuters) - The International Monetary Fund approved a new two-year $4.5 billion flexible credit line arrangement for Morocco on Wednesday, the IMF said in a statement.

Sources: Moroccan authorities; and Fund staff estimates. 1/ Include grants. 2/ Includes credit to public enterprises.

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