Somalia: IMF Executive Board Concludes the Third Review of the Extended Credit Facility for Somalia

[IMF] Washington, DC: The Executive Board of the International Monetary Fund (IMF) today completed the third review of Somalia's economic reform program supported by the Extended Credit Facility (ECF) arrangement. The Board's decision enables the immediate disbursement of SDR 7.5 million (about US$ 10 million), which will be channeled for budget support, bringing Somalia's total disbursement under the ECF to SDR 52.5 million (about US$ 70 million).

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