- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

IMF Approves $43.9Mln Disbursement to Mali, Extends Loan

© REUTERS / Kim Kyung-HoonVisitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo.
Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo. - Sputnik International
Subscribe
The Executive Board of the International Monetary Fund approved a disbursement worth almost $44 million to Mali under its existing loan and also agreed to augment access and extend the arrangement for another year.

The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016 - Sputnik International
China’s Faster Than Expected Expansion Can Lead to Unsustainable Debt - IMF
WASHINGTON (Sputnik) — The Executive Board of the International Monetary Fund approved a disbursement worth almost $44 million to Mali under its existing loan and also agreed to augment access and extend the arrangement for another year, the IMF said in a statement.

"Completion of the review enables the disbursement of SDR 31.65 million (about US$43.96 million), bringing total disbursements under the arrangement to SDR 91.65 million (about US$ 127.29 million) or 49.1 percent of quota. In addition, the Executive Board approved the authorities’ request for a one-year extension of the ECF arrangement to December 17, 2018 and an augmentation of access by SDR 88.6 million or 47.5 percent of quota," the IMF said on Friday.

The IMF said Mali was on track to achieve GDP growth of 5.3 percent in 2017 and 5.0 percent in 2018.

It warned, however, that the fragile security situation in the country posed a downside risk to its favorable outlook.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала