Source: International Monetary Fund (IMF) |

IMF Executive Board Approves US$642 Million Extended Arrangement Under the Extended Fund Facility (EFF) for Gabon

WASHINGTON D.C., United States of America, June 20, 2017/APO/ --

On June 19, 2017, the International Monetary Fund (IMF) approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Gabon for SDR 464.4 million (about US$642 million), or 215 percent of Gabon’s quota, in support of the authorities’ medium-term recovery program. 

Today’s Executive Board’s decision enables an immediate disbursement of SDR71.43 million, about US$ 98.8 million. 

Distributed by APO Group on behalf of International Monetary Fund (IMF).