Morocco says the credit line from the International Monetary Fund would help 'soften the impact' of the coronavirus crisis.
It said the credit line would help"soften the impact of the [coronavirus] crisis on our economy and maintain our exchange reserves at an adequate level."
The Washington-based IMF, in a statement, said Rabat would"use funds purchased under the PLL to cope with the social and economic impact of COVID-19 and to maintain strong external buffers in a context of heightened uncertainties."
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