The Executive Board of the International Monetary Fund (IMF) approved on monday july 28 a new 24-month arrangement for Morocco under the Precautionary and Liquidity Line (PLL) in an amount equivalent to SDR 3.2351 billion (about US$5 billion, or 550 percent of Morocco's quota at the IMF). The access under the arrangement in the first year will be equivalent to SDR 2.941 billion (about US$4.5 billion, 500 percent of quota), rising in the second year to a cumulative US$5.0 billion. Morocco's first 2-year PLL arrangement was approved on August 2, 2012. Read more
