IMF thinks Morocco is too hesitant over reforms, Prime Minister says

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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, scrutinizing the North African county's finances to see if it is still meeting the criteria of a two-year $6.2 billion precautionary credit line the IMF approved in 2012.

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