New Extended Credit Facility Arrangement for Malawi

Tuesday, July 24, 2012 - 11:00
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