WASHINGTON (Reuters) – The International Monetary Fund said its executive board on Thursday approved a new three-year, $1.52 billion extended credit facility program for Democratic Republic of Congo to support the African country’s economic reforms and pandemic recovery.
The IMF said in a statement that the loan approval clears the way for immediate disbursement of $216.9 million to Congo to reinforce international reserves. The ECF follows emergency COVID-19 support to Congo under the IMF’s Rapid Credit Facility totaling $731.7 million.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Need Your Help Today. Your $1 can change life.