APO International

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Background
International Monetary Fund (IMF) Executive Board Concludes the Third Review of the Extended Credit Facility Arrangement and Approves US$31.45 Million under the Resilience and Sustainability Facility for Cabo Verde

APO International

International Monetary Fund (IMF) Executive Board Concludes the Third Review of the Extended Credit Facility Arrangement and Approves US$31.45 Million under the Resilience and Sustainability Facility for Cabo Verde

The IMF Executive Board completed the third review under the 36-month Extended Credit Facility (ECF) arrangement with Cabo Verde, providing the country with access to SDR 4.5 million (about US$6 million), and approved an 18-month arrangement under the Resilience and Sustainability Facility (RSF), in the amount of 100 percent of quota (SDR 23.69 million, about US$31.45 million); Performance under the economic reform program is strong, and the authorities are taking […]

today12 December, 2023