IMF board approves $191 mln credit facility to Central African Republic

Kitco Media
By Reuters
Published:
Updated:
Reuters
DAKAR, April 28 (Reuters) - The International Monetary Fund's executive board has approved a 38-month extended credit facility of around $191 million to the Central African Republic, it said in a statement. The decision enables an immediate disbursement of about $15 million. The arrangement will help the Central African Republic -- one of the world's poorest countries -- address protracted balance of payments difficulties, provide basic health and education services, and undertake reforms.
(Reporting by Sofia Christensen Editing by Alexander Winning)

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