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FINANCIAL NEWS
IMF grants USD3.5bn credit line to Morocco
24 Jul 2016
(MENAFN) The Intl’ Monetary Fund (IMF) granted Morocco a two-year USD3.5bn credit line for structural reforms to boost economic growth.
Moreover, the Precautionary Liquidity Line (PLL) is meant for nations with good economic policies that face balance of payments needs due to issues beyond their control.
In addition, the IMF confirmed on less than the USD5bn credit line signed in 2014 and the USD6.2bn deal signed in 2012, due to the N. African kingdom’s economy.
The country is expected to push ahead with structural reforms of its subsidies and pension and taxation systems, to start an inflation-targeting regime.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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