Central African Republic: IMF Executive Board Completes the Second Review Under the Extended Credit Facility Arrangement for the Central African Republic and Approves U.S.$25 Million Disbursement

June 26, 2024 | News Source: AllAfrica News: Economy, Business and Finance
[IMF] Washington -- The Executive Board of the International Monetary Fund (IMF) completed today the second review of the Extended Credit Facility arrangement (ECF) of SDR 147.48 million (about US$197 million) for the Central African Republic (CAR). The ECF was approved by the IMF Executive Board in April 2023 (see Press Release No. 23/129). The completion of this review allows for the immediate disbursement of SDR 18.60 million (about US$25 million) bringing total disbursements under the ECF to SDR 49.07 million (around

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