The Executive Board of the International Monetary Fund (IMF) today completed the sixth and seventh reviews of Niger's economic performance under the program supported by an Extended Credit Facility (ECF)1 arrangement. The completion of these reviews enables an immediate disbursement of SDR39.005 million, (about US$53.7 million), bringing total disbursements under the ECF arrangement to SDR 95.405 million (US$131.35million).
The Board also approved a request to extend the program until December 31, 2016 as well as an increase in access of 62.5 percent of quota under the program. The ECF arrangement for Niger was approved on March 16, 2012 (see Press Release No. 12/90).
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