IMF board approves $1.8 bln for Senegal, frees $216 mln immediately

New York, June 26 (BNA): The Executive Board of the International Monetary Fund approved a 3-year Extended Credit Facility and Extended Financing Facility of approximately $1.51 billion with Senegal, a $324 million arrangement under the Resilience and Sustainability Facility, Reuters reports. .

The fund said the EFF/ECF program will help address macroeconomic imbalances while the RSF arrangement will help address long-term challenges related to climate change.

The IMF said the board’s decision allows immediate disbursement of about $216 million under the EFF/ECF.


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