Morocco's Ties With IMF Enbaled It To Benefit From Credit Line Of About $ 6.2 Billion -Minister
MAP- Relations between Morocco and the International Monetary Fund (IMF) have enabled the Kingdom to benefit from an IMF line of credit of nearly 6.2 billion dollars, said, Thursday in Rabat, communications minister, government spokesman, Mustapha El Khalfi.
Speaking at a press briefing after the cabinet meeting, El Khalfi recalled that Morocco emphasised, on the occasion of the recent visit by an IMF delegation to the Kingdom, the importance of accelerating the implementation of economic reforms to ensure marco-economic balances, particularly those relating to the compensation fund, pension schemes and the tax system.
He added that the Moroccan side expressed the government's firm will to continue implementing reforms aimed primarily at preserving the independence of economic decisions and anticipating risks resulting from the non-implementation of those reforms.
The head of government Abdelilah Benkirane had recently met an IMF delegation during which he reviewed the latest macro-economic developments and the prospects of the structural reforms announced by the government.