Washington, DC — The Executive Board of the International Monetary Fund (IMF) today
approved a three-year loan for SDR 79.4 million (about US$103 million) under
the Poverty Reduction and Growth Facility (PRGF) to support Madagascar's
efforts to foster macroeconomic stability, promote accelerated growth,
improve social services, and reduce poverty. The decision will enable
Madagascar to draw shortly up to SDR 11.4 million (about US$15
million).
Following the Executive Board discussion on Madagascar, Stanley Fischer,
First Deputy Managing Director and Acting Chairman, said:
...
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