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Tuesday, June 21, 2016

IMF extends Malawi loan programme, adds $80 mln for drought measures | Daily Mail Online

IMF extends Malawi loan programme, adds $80 mln for drought measures | Daily Mail Online: LILONGWE, June 20 (Reuters) - The International Monetary Fund (IMF) will increase loans to Malawi by $76.8 million, the global lender said on Monday following an economic review of the drought-hit country.

The IMF said it was also augmenting Malawi's Extended Credit Facility (ECF) arrangement, signed in 2012, by another six months with funding equivalent to $49.2 million

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