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


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