IMF thinks Morocco is too hesitant over reforms - Prime Minister


  • World
  • Monday, 10 Jun 2013

Moroccan Prime Minister Abdelilah Benkirane speaks during a May Day rally by his Party for Justice and Development (PJD), in Casablanca May 1, 2013. REUTERS/Youssef Boudlal

RABAT (Reuters) - The International Monetary Fund has told Morocco it is too hesitant in implementing reforms to improve its public finances, Prime Minister Abdelilah Benkirane said, but he pledged to move ahead with planned subsidy cuts and other measures.

An IMF delegation is in Morocco, scrutinising the North African county's finances to see if it is still meeting the criteria of a two-year $6.2 billion (4 billion pounds) precautionary credit line the IMF approved in 2012.

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