IMF reaffirms Morocco's 'continuous eligibility' - Morocco World News

Washington, February 4, 2013 (MAP)

The International Monetary Fund (IMF) reaffirmed on Monday Morocco?s ?continuous eligibility? to benefit from the Precaution and Liquidity Line (PLL) approved last August, and which provides for a 24-month loan of $ 6.3 billion.

The Fund?s Board of Directors finalized ?the first performance review of Morocco part of an economic program supported by a two-year agreement under the PLL, and reaffirmed the continuous eligibility of the Kingdom to benefit from the funds of ?this liquidity line, said the Washington-based institution in a statement.

The agreement provides for a loan of $ 3.6 billion during the first year, and a cumulative value of up to $6.3 billion during the second year.

Source: http://www.moroccoworldnews.com/2013/02/76946/imf-reaffirms-moroccos-continuous-eligibility-for-6-3-bln-loan/

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