The International Monetary Fund (IMF) said on Monday that its executive board approved the second review under Morocco’s “Resilience and Sustainability Facility,” allowing the country to withdraw about $415 million.
The IMF had stated in its first review last May that the Moroccan economy remains resilient despite water scarcity, the Al-Houz earthquake, and challenges posed by external conditions.
The IMF’s forecasts indicate that the real GDP growth rate is expected to rise to 3.5% over the next few years.
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