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Wednesday, December 7, 2016

IMF approves ECF extension for Malawi | The Times Group

IMF approves ECF extension for Malawi | The Times Group: "The Executive Board of the International Monetary Fund (IMF) has approved—without an Executive Board meeting— an extension of Malawi’s arrangement under the Extended Credit Facility (ECF) to June 30, 2017.

This means that Malawi has been given more time to implement some programme objectives using about $49.2 million or 25 percent of quota approved by the Board in June this year to strengthen the response to the El Niño-induced drought."

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