Tuesday, November 5

Morocco Government Says Will Renegotiate Precautionary IMF Credit Line

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Reuters

Morocco

Morocco’s government plans to renegotiate a precautionary credit line with the International Monetary Fund, Finance Minister Mohamed Boussaid told Reuters on Monday.

The amount and other details will be discussed later, he said.

The credit line is worth $5 billion and will expire in August 2016.

(Reporting by Aziz El Yaakoubi; writing by Patrick Markey; editing by John Stonestreet)

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