The Executive Board of the International Monetary Fund (IMF) Friday completed the fourth review under the Extended Credit Facility (ECF) arrangement for The Gambia. The completion of the review enables an immediate disbursement of SDR 5 million, about US$ 6.72 million, to help meet the country’s balance-of-payments and fiscal financing[Read More…]
Tag: IMF
G/Bissau Faces Budget Shortfall After IMF Stops Payments
(JollofNews) – Guinea-Bissau is facing a “catastrophic” economic situation, with a gaping budget deficit, after the International Monetary Fund suspended its support over two private bank bailouts, the finance minister said on Thursday. The IMF said on June 3 it was halting payments after the tiny nation’s government went against[Read More…]
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