IMF agrees on two-year $3.5 billion credit line for Morocco

The International Monetary Fund
( IMF) has given Morocco a $3.5 billion line of credit for 2
years to help it pursue structural reforms bringing more rapid
and inclusive financial growth, the country’s financing ministry
said on Saturday. The IMF agreed on less than the $5 billion credit line
checked in 2014, and $6.2 billion checked in 2012, as the North
African kingdom’s economy has been improving, thanks to the bold
federal government steps in dealing with deficits.

( Reporting By Aziz El Yaakoubi; editing by Mark Heinrich).

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