Home Business IMF APPROVES CREDIT FACILITY TO CENTRAL AFRICAN REPUBLIC.

IMF APPROVES CREDIT FACILITY TO CENTRAL AFRICAN REPUBLIC.

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Managing Director of the IMF Kristalina Georgieva, Deputy Managing Director of the IMF Bo Li at V20 Ministerial Dialogue X: Roadmap from Accra to Marrakech: Development Positive Climate Action through a Fit-for-Climate International Financial" during the 2023 Spring Meetings of the World Bank Group and International Monetary Fund in Washington on April 16, 2023. IMF Photo/Ariana Lindquist

The International Monetary Fund’s, IMF, executive board has approved a thirty-eight-month extended credit facility of around one hundred and ninety-one million dollars to the Central African Republic.

IMF in a statement, said the decision came with an immediate disbursement of about fifteen million dollars.

The arrangement will help the Central African Republic address protracted balance of payment difficulties, provide basic health and education services, and undertake reforms.

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