Posted by: APO | 29 July 2016

IMF Executive Board Approves US$304.7 million Extended Credit Facility Arrangement for Madagascar

On July 27, 2016 the Executive Board of the International Monetary Fund (IMF) approved the equivalent of SDR 220 million (about US$304.7 million, or 180 percent of current quota) under a 40-month Extended Credit Facility (ECF) arrangement for Madagascar, to help reinforce macroeconomic stability and boost sustainable and inclusive growth. Following the Board’s decision, SDR 31.428 million (about… Read more on http://imf-fmi.africa-newsroom.com/press/le-conseil-dadministration-du-fmi-approuve-un-accord-au-titre-de-la-facilite-elargie-de-credit-dun-montant-de-3047-millions-de-dollars-en-faveur-de-madagascar?lang=en


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