Wednesday 03, September 2014 by Robin Amlôt

IMF Executive Board approves three-year $552.9 million facility with Yemen

The Executive Board of the International Monetary Fund (IMF) has approved a three-year Extended Credit Facility (ECF) arrangement with the Republic of Yemen for an amount equivalent to SDR 365.25 million ($552.9 million; or 150 per cent of Yemen’s quota) to help maintain macroeconomic stability and promote inclusive growth.

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