From Ahram

The International Monetary Fund said it will provide Morocco a $5 billion credit line to help the North African country pursue a reform agenda to achieve rapid and more inclusive economic growth.thanks

Morocco’s central bank governor said last month his country was working with the IMF on a new line of credit to replace a $6.2 billion two-year precautionary liquidity line, or PLL, that expires in August.

The IMF liquidity line is aimed at countries with relatively good economic policies that still face balance of payments needs because of issues beyond their control. So far, only Morocco has used this type of program.

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