IMF: Morocco on the verge of securing a 5 billion dollar Flexible Credit Line arrangement
With the Flexible Credit Line (FCL), Morocco settles in a Rolls Royce in the midst of unforeseen events and global financial turbulence. The metaphor, drawn from the colorful language of Mrs Fouzia Zaaboul, Director of Treasury and External Finance, provides information on the importance of the step that Rabat is preparing to take by asking the International Monetary Fund (IMF) for this financial facility. If the process materializes, the Flexible Credit Line is worth 5 billion US dollars, or nearly 50 billion Dirhams.
