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IMF approves post-conflict aid

    ABIDJAN

    The International Monetary Fund (IMF) has agreed to provide Guinea-Bissau with some US $3 million in post-conflict emergency aid for reconstruction and to revamp its war-shattered economy.

    The IMF said the SDR 2.13 million package approved by its executive board on Tuesday would be available immediately.

    The 1998-99 war caused considerable suffering to the population and damage to the economy and infrastructure.

    First Deputy Managing Director of the IMF Stanley Fischer said the board approved the money because members were "encouraged by the determination shown by the government in seeking to redress the disruptions caused by the conflict, restore basic services, and rehabilitate the administrative structures, including the budget and tax offices."

    Guinea-Bissau joined the IMF in March 1977.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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