WASHINGTON (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.
“In a highly uncertain environment, the arrangement will enhance Morocco’s external buffers and provide insurance against downside risks. The authorities intend to treat the new arrangement as precautionary,” the IMF said.
(Reporting by Kanishka Singh in Washington; Editing by Tom Hogue)
