DAKAR (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)
