New Extended Credit Facility Arrangement for Malawi

IMF approves a new three-year arrangement for Malawi under the Extended Credit Facility

The Executive Board of the International Monetary Fund (IMF) has approved a new three-year arrangement for Malawi under the Extended Credit Facility (ECF).

The Board's decision will enable an immediate disbursement equivalent of about US$19.5 million.

The IMF states that the, "…new ECF arrangement provides support for the authorities' medium-term economic program based on Malawi's second Growth and Development Strategy.”

To read the article titled, “IMF executive board approves new US$156.2 million extended credit facility arrangement,” click here.

Source: 
All Africa

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