IMF/Credit Line: Buffer against external shocks
Morocco finally joins the small circle of countries that benefit from the Flexible Credit Line (FCL) of the International Monetary Fund. The decision was made on Monday, April 03. Designed for crisis prevention, the IMF’s two-year arrangement is for an amount of around US $5 billion, i.e. 417% of the country’s quota. More precisely, the amount from which Morocco benefits is equivalent to 3.7262 billion SDRs.
