International Monetary Fund (IMF) Executive Board Approves a US$271 million 38-month Arrangement Under the Extended Credit Facility for Burundi
The decision allows an immediate disbursement of SDR 46.2 million (about US$ 62.6 million)
The Executive Board of the International Monetary Fund (IMF) approved a 38-month arrangement under the Extended Credit Facility (ECF) for Burundi. The arrangement will provide financing of SDR200.2 million (about US$271 million), with an immediate disbursement of SDR46.2 million (about US$62.6 million); Burundi faces protracted balance of payments needs with…