RABAT, Jan 18 (Reuters) - Morocco is planning to negotiate a new form of International Monetary Fund precautionary line of credit which will be "modular and better" than the previous one, the central bank governor said on Thursday.
In 2016, the IMF granted Morocco a two-year, $3.5 billion credit line for Morocco to give its foreign lenders, investors and rating agencies reassurance over the country's economic policies, allowing it to tap international capital markets at favorable borrowing terms.
(Reporting By Ulf Laessing; Writing by Aziz El Yaakoubi; Editing by Hugh Lawson)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.