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Extended Credit Facility: IMF approves $7 million disbursement to Guinea-Bissau

30/08/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Le Fonds monétaire international (IMF ) announced on August 28, 2024 that it had granted a disbursement of $7.3 million to Guinea-Bissau, under the Extended Credit Facility (ECF) agreement signed with

the country.

Le décaissement du fonds va mettre à la Guinée-Bissau will support the financing needs of the balance of payments and public finances of Guinea-Bissau. Thus, the total amount of funds received under the agreement reached 33.44 million out of a total of 38.4 million style="font-family: "Bookman Old Style”, "serif"> dollars. The IMF said the country's authorities' commitment to implementing ambitious policy reforms is beginning to bear fruit. In fact, cashew nut production increased by 8%, from 200,000 tonnes in 2022 to 260,000 style="font-family: "Bookman Old Style”, "serif"> tonnes in 2023. Economic growth should thus reach 5% in 2024.

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