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IMF Approves $5 Billion Credit Line for Morocco to Prevent Crises
April 4th, 2023 - 08:57 GMT

IMF approves $5b credit line for Morocco

ALBAWABA - The International Monetary Fund approved a two-year, $5 billion precautionary credit line for Morocco to prevent financial crisis. The IMF said that the Moroccan authorities had voiced their intention to use the credit line as a precautionary measure. Morocco requested the loan after being removed from the Financial Action Task Force's grey list of countries with deficiencies in its anti-money laundering and terrorist financing regimes. An IMF statement ...
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