Considering Morocco’s very strong policy frameworks and track record, IMF Managing Director Kristalina Georgieva intends to recommend approval of the FCL arrangement for Morocco when the IMF Executive Board meets again to take a decision in the following weeks. The IMF stands ready to continue to support Morocco face the risks from the highly uncertain global environment.
For more information on the IMF’s Flexible Credit Line:
Flexible Credit Line (FCL) (imf.org)
[1] During an informal session, IMF staff engages with Executive Board Members to discuss country matters where no formal Board decision is expected.
Distributed by APO Group on behalf of International Monetary Fund (IMF).