IMF to Release Funds for 3 African Nations

    The International Monetary Fund is releasing nearly USD25 million following economic reviews of three African countries. The Central African Republic and Niger have a three-year agreement with the fund, while Sierra Leone’s arrangement with IMF spans four years. (“IMF Executive Board Completes Third Review Under the PRGF Arrangement for the Central African Republic and Approves USS9.1 Million Disbursement; IMF Executive Board Completes Third Review under PRGF Arrangement for Sierra Leone, Increases Financial Assistance to Mitigate Food and Fuel Price Impact, and Approves USD10.8 Million Disbursement; IMF Completes First Review Under the PRGF Arrangement for Niger and Approves USD5 Million Disbursement” - International Monetary Fund, Dec. 22, 2008)


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