The International Monetary Fund’s executive board has concluded a third programme review allowing for an immediate disbursement of about $203 million to Democratic Republic of Congo, it said on Tuesday.
Congo has a three-year, $1.5 billion extended credit facility programme with the lender agreed last year, to help meet financing needs associated with the coronavirus pandemic.
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“Progress under the program remains satisfactory,” the IMF said in a statement. “This disbursement will help reinforce international reserves, given downside risks to the domestic and global economy outlook.”
