IMF Frees Funding for Mongolia, Sierra Leone

Some $39.4 million will be made available to

under an 18-month standby arrangement with the International Monetary Fund. The $236.4 million deal has so far disbursed $118.2 million for the nation. The fund will also increase its poverty reduction assistance to

by $16.8 million. The African nation may access $18.8 million under the arrangement, which is now valued at $79.9 million.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.