IMF reaches agreement with Guinea-Bissau for Extended Credit Facility program

The International Monetary Fund (IMF) announced today that it has reached agreement with the authorities of Guinea-Bissau to negotiate a 36-month program under the Extended Credit Facility Program (EFF).
“The IMF staff has reached agreement with the Guinea-Bissau authorities on a medium-term program to be supported by IMF resources of about $36.3 million [€35.4 million] under the Extended Credit Facility,” said staff mission chief Jose Gijon.
The 36-month program to support Guinea-Bissau’s economic policies is still subject to approval by the IMF board and consideration by its Executive Board.

About Khalid Al Mouahidi 4412 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network