The International Monetary Fund has concluded its sixth review of Burundi’s economic program and approved the release of some $10.5 million from the extended credit facility, or ECF, that supports the program.
This brings total disbursement under the ECF to approximately $73.2 million.
Upon completion of the review, the IMF’s executive board also agreed to increase the total funding available under the facility and extend it until January 2012 in a bid to mitigate the impact of food and fuel crises in Burundi.
Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders – emailed to you FREE every business day.
