Morocco may consider applying for an IMF’s PLL

Morocco is discussing with the International Monetary Fund (IMF) the possibility of benefiting from the Precautionary and Liquidity Line (PLL), a program that helps resolve crises under wide-ranging situations, reports Reuters quoting Economy and Finance Minister Mohamed Benchaaboun.

Speaking in a conference on Tuesday, October the 23rd, the minister stated that the country has already spoke to IMF about PLL but without giving further details.

According to the same source, IMF «granted Morocco a two-year, $3.5 billion» in 2016 to encourage foreign investment.

Last month, the central bank governor Abdellatif Jouahri announced that the Kingdom may consider applying for IMF’s PLL in case of external shocks.