IMF board approves $1.32 bln resilience loan for Morocco ...Middle East

The International Monetary Fund's (IMF) executive board on Thursday approved a $1.32 billion, 18-month loan from its new Resilience and Sustainability Facility to help Morocco bolster its resilience to climate-related disasters, the fund said in a statement. The North African country had requested funds from the IMF's new trust well before the devastating earthquake that struck in Morocco's High Atlas Mountains on Sept. 8, killing more than 2,900 people.

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