The funding was: Somali ($100 million), Democratic Republic of Congo ($200.39 million), Rwanda ($262 million), Tanzania ($150 million) Gambia ($10.9 million), Comoros ($4.7 million) and Senegal ($276 million). “Upon completion of the Executive Board review, Tanzania will have access to SDR113.37 million ($150 million), bringing the total IMF financial support under the arrangement to SDR342.1 million ($452.7 million),” said Charalambos Tsangarides, who led the IMF team. “Somalia has maintained strong implementation of wide-ranging reforms to help strengthen key economic and financial policy institutions,” IMF team leader Laura Jaramillo said in a statement last week. In Mozambique, the IMF staff discussed with the Mozambican authorities about performance and policies underpinning the third review of the program under the ECF arrangement. In Comoros, the IMF staff also reached an agreement with the authorities on economic policies and reforms under the 4-year ECF-supported programme.

Source: Daily Nation November 04, 2023 08:26 UTC