IMF to support Madagascar's plans for economic development &

IMF to support Madagascar's plans for economic development • Today News Africa


Henry Kohn is a correspondent at Today News Africa based in Washington, DC. Henry writes on foreign policy, politics, and the State Department. He has worked in Europe and West Africa and has a dual Bachelor’s degree in French and Environmental Science and Policy from Duke University
The International Monetary Fund (IMF), senior Malagasy officials, including Prime Minister Christian Ntsay, and non-governmental representatives, on Friday, completed a Staff Level Agreement on an Extended Credit Facility Arrangement, after nearly a month of talks.
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Charalambos Tsangarides, the IMF Mission Chief to Madagascar said the agreement “could be supported by IMF resources of about $320 million under the Extended Credit Facility”.

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