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Morocco Gets a New Precautionary Line, Flexibility Credit Line, FCA
Morocco got a new precautionary line, Flexibility Credit Line, FCA. This is something that we have been working for years to get there. Several previous precautionary lines were implemented. Those lines in the past helped Morocco weather several shocks and gave you a good framework to accelerate some of those reforms. The objective was not to stop the very strong agenda reform that we were having. And it's definitely the commitment of the government to keep this dynamic of the reform.