Morocco gets $6.2 billion credit line

Posted on 4th August, 2012 · Filed under News and Updates

The International Monetary Fund (IMF) announced that it intends to open a ‘precautionary’ credit line for Morocco that should protect the country against ‘external shocks’ in part due to the fact the euro zone is Morocco’s largest trade partner. More than $3.5 billion of the credit line will be available in the first year.