IMF and Guinea-Bissau reach staff-level agreement for ECF review, potential $7.2m access pending final approval.
The International Monetary Fund (IMF) and Guinea-Bissau have reached a staff-level agreement on economic policies for the sixth review of the Extended Credit Facility (ECF), granting the country potential access to $7.2 million upon review approval. The authorities' commitment to policy reforms is showing positive results, and the nation's economic growth is expected to be around 5% in 2024. The IMF's Executive Board will review the agreement before providing final approval.
June 25, 2024
9 Articles