The IMF has commended Morocco for the progress made in subsidy reform and the removal of subsidies on all liquid petroleum products, while expanding its support to the most vulnerable segments of society.

This assessment comes as part of a review of the country’s economic performance under a two-year Precautionary Liquidity Line (PLL) arrangement for a total of SDR3.23bn (about $5bn or 550% of Morocco’s IMF quota). With this arrangement Morocco can access about $4.5bn in the first year, rising in the second year to a cumulative $5bn. (CONTINUED - 276 WORDS)