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IMF approves nearly $350 million of funding for DRC

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IMF said on Friday ‌it approved about $348.5 million in funding for the Democratic Republic of Congo

The International Monetary Fund (IMF) said on Friday ‌it approved about $348.5 million in funding for the Democratic Republic of Congo (DRC) ⁠after completing reviews of programs under its Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF).

 

The third review of the ‌ECF-supported ⁠program unlocks about $258.2 million, while the second review under ⁠the RSF allows for a disbursement of about $90.3 ⁠million, the IMF said.

 

–Reuters–