© Reuters. FILE PHOTO: The Worldwide Financial Fund (IMF) emblem is seen outdoors the headquarters constructing in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photograph
(Reuters) – The Government Board of the Worldwide Financial Fund authorised a 3-year Prolonged Credit score Facility and Prolonged Fund Facility for about $1.51 billion with Senegal, and a $324 million association beneath the Resilience and Sustainability Facility, the IMF stated on Monday.
The EFF/ECF program will assist deal with macroeconomic imbalances whereas the RSF association will assist with longer-term challenges associated to local weather change, the fund stated.
The board’s resolution permits for a right away disbursement of about $216 million beneath the EFF/ECF, the IMF stated.
