IMF Executive Board Approves New Two-Year US$4.5 Billion Flexible Credit Line Arrangement for Morocco

The Executive Board of the International Monetary Fund (IMF) approved today a new successor two-year arrangement for Morocco under the Flexible Credit Line (FCL) in an amount equivalent to SDR 3.45 billion (about US$ 4.5 billion, equivalent to 386 percent of quota), and noted the cancelation by Morocco of the previous FCL arrangement. The Moroccan authorities stated their intention to treat the new arrangement as precautionary.

IMF Reaches Staff-Level Agreement on the First Review for the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and a New 28-month Arrangement Under the Resilience and Sustainability Facility (RSF)

An International Monetary Fund (IMF) team, led by Nathan Porter, held discussions during a February 24-March 14, 2025 mission to Karachi and Islamabad, and virtually thereafter, for the first review of Pakistan’s economic program supported by the Extended Fund Facility (EFF) and on a new arrangement under the IMF’s Resilience and Sustainability Facility (RSF). Mr. Porter issued the following statement at the conclusion of discussions: