VOL. XXXIV
NO. 26
1-APRIL-1991
Financial and Banking News
Budgets & Revenues
Morocco's IMF Standby Expires, Negotiations Continue on EFF
Morocco's IMF standby credit arrangement expired on 31 March, with about halfof the $100mn facility left undrawn. The agreement has been effective since 20June 1990. Morocco is currently negotiating with the fund for an extended fundfacility (EFF), which is similar to a standby credit arrangement, but isavailable for a longer period. Discussions have been...
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