WASH­ING­TON:

The Pak Banker - - FRONT PAGE -

The Ex­ec­u­tive Board of the In­ter­na­tional Mon­e­tary Fund (IMF) com­pleted the Third and last re­view of Morocco's eco­nomic per­for­mance un­der a pro­gram sup­ported by a two-year Pre­cau­tion­ary and Liq­uid­ity Line (PLL) ar­range­ment, and reaf­firmed Morocco's con­tin­ued qual­i­fi­ca­tion to ac­cess PLL re­sources.

The cur­rent two-year PLL ar­range­ment in an amount equiv­a­lent to SDR 3.2351 bil­lion ($5 bil­lion at the time of ap­proval or 550 per­cent of Morocco's quota at the IMF) was ap­proved by the IMF's Ex­ec­u­tive Board in July 2014. The ar­range­ment sup­ports the au­thor­i­ties' pro­gram to re­build fis­cal and ex­ter­nal buf­fers and pro­mote higher and more in­clu­sive growth.

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