IMF approves $4.5 billion flexible credit line for Morocco

The International Monetary Fund (IMF) has approved a two-year $4.5 billion flexible credit arrangement for Morocco. It comes as the Kingdom’s previous deal—signed in 2023—nears its expiration. According to local media reports the Moroccan government regards this Flexible Credit Line (FCL) more “as a safety net” rather than a fund to utilize, like the previous arrangement with the IMF, it looks to protect the economy and bolster foreign reserves.