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IMF Executive Board completes second review under Burundi's PRGF Arrangement, approves US$10.4 million disbursement and agrees in principle on Burundi reaching its decision point under the Enhanced HIPC Initiative.

Publication: M2 Presswire
Publication Date: 29-JUL-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 July 2005-IMF: IMF Executive Board completes second review under Burundi's PRGF Arrangement, approves US$10.4 million disbursement and agrees in principle on Burundi reaching its decision point under the Enhanced HIPC Initiative(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:29072005

The Executive Board of the International Monetary Fund (IMF) has completed the second review of Burundi's economic performance under an SDR 69.30 million (about US$100.30 million) Poverty Reduction and Growth Facility (PRGF) arrangement (see Press Release No. 04/13), and approved the disbursement of an amount equivalent to SDR 7.15 million (about US$10.37 million), which will bring the total disbursements under the PRGF arrangement to SDR 40.70 million (about US$59.03 million).

Executive Directors also agreed, in principle, that Burundi has taken...

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