On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Ex Post Evaluation (EPE) of exceptional access under the 2014–16 Precautionary and Liquidity Line (PLL) arrangement. (The Executive Board also concluded the second review of Morocco’s economic performance under a program supported by a two-year PLL arrangement—see Press Release No. 17/309).
The PLL facility, which was introduced in 2011, provides financing to meet actual or potential balance of payments needs of countries with sound policies, and is intended to serve as insurance or help resolve crises under wide-ranging situations. Fund policy calls for an EPE within one year of the end of an arrangement with exceptional access.