IMF gives thumbs up to Morocco’s economic strategy

imagesThe International Monetary Fund said on Monday it had completed the first assessment of Morocco’s economic program under a two-year precautionary credit line, indicating the country had met all the performance criteria of its $6.2 billion loan.

Nemat Shafik, the IMF’s deputy managing director, said the Moroccan authorities’ economic strategy was “built appropriately on fiscal consolidation, structural reforms and prudent monetary and financial.

But the IMF urged the government to move forward…read more

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