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Extended Credit Facility: the IMF grants a loan of around $47.4 million to Mauritania

26/12/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Le Fonds monétaire international (FMI) published a press release on Wednesday December 18. In it, he revealed the immediate disbursement

to Mauritania of approximately $47.4 million.

L' octroi de ce montant intervient après que le Conseil d' administration du FMI a conclu les consultations de 2024 avec la Mauritanie au titre de l' article IV . The Board of Directors of the International Monetary Fund (IMF) finalized the third reviews of the agreements under the Extended Credit Facility (ECF) and the Extended Credit Mechanism (EDC)), as well as the second review under the Resilience and Sustainability Facility (ERF). According to information, the completion of the reviews allows for an immediate disbursement of SDR 6.44 million (approximately $8.4 million) under FEC/MEDC and SDR 29.72 million (approximately $39.0 million) under FRD, bringing the cumulative disbursements to SDR 89.7 million (approximately $117.7

million).
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