The Executive Broad of the IMF concludes the second review of Morocco's economic performance

The Executive Board of the International Monetary Fund (IMF), a body responsible for conducting the day-today-day business of the international organization headquartered in Washington D.C, announced on the 1st of August 2017 that it concluded the second review of Morocco's economic performance maintained via a two-year Precautionary and Liquidity Line (PLL) program, African review reports.

The program according to the same source is set to provide financing, help resolve crises, and serve as an insurance for countries. The PLL arrangement which lasted between 2014-2016 has succeeded in supporting the «authorities' reform program, providing them with a backstop against potential exogenous shocks».

The Executive Broad of the IMF believe that the authorities «met their objective of reducing vulnerabilities... and supported reforms to strengthen macroeconomic stability by continuing to reduce fiscal and current account deficits», the same source adds. However, the organization stated that «the growth turned out to be lower than expected and, while unemployment declined, much remained to be done to ensure higher and more inclisuve growth».