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Fec-Frd Programme – Immediate Disbursement of Approximately $107 Million From the Imf for Madagascar
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A series of bills related to a total funding of US$877.5 million have been passed in the National Assembly, according to the Ministry of Economy and Finance. On the other hand, the International Monetary Fund (IMF) announces the disbursement of US$107 million under the Extended Credit Facility (EFC) and the Facility for Resilience and Sustainability (FRD). Clearly, money flows to Madagascar, but on the ground, there is no evidence that these col…
Fec-Frd Programme – Immediate Disbursement of Approximately $107 Million From the Imf for Madagascar
Antananarivo, 4 July, 6:15 a.m. – Madagascar passes its second review. The Board of Directors of the International Monetary Fund (IMF) completed on Thursday the second review of the programmes of the Extended Credit Facility (ECF) and the Facility for Resilience and Sustainability (FSF) in favour of the Great Island. A positive assessment allows Madagascar to benefit from an immediate disbursement of approximately 107 million dollars from the Br…
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