International Monetary Fund (IMF) Staff Reach Staff-Level Agreement on Third Review of the Extended Credit Facility Arrangement with Guinea Bissau
The initial arrangement was approved for a total amount of SDR 28.4 million (about US$ 37.9 million) on January 30, 2023
IMF staff and the Guinea Bissau authorities have reached a staff-level agreement that could support the third review of the Extended Credit Facility (ECF) supported program, subject to approval by the IMF Executive Board. Upon completion of the review, Guinea Bissau will have access to an additional SDR [6.16] million…