IMF approves 5-bln-USD flexible credit line for Morocco
RABAT, April 4 (Xinhua) -- The International Monetary Fund (IMF) approved 5-billion-U.S. dollar Flexible Credit Line (FCL) for Morocco in a two-year arrangement, in a bid to strengthen the kingdom's buffers and provide insurance against possible risks, Morocco's official radio channel SNRT reported Tuesday.
In a statement posted on its website on Monday, the IMF announced its approval and said the FCL arrangemen