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IMF approves US $11.8 million loan

    ABIDJAN

    A US $11.8-million loan for The Gambia under the Enhanced Structural Adjustment Facility (ESAF) was approved by the International Monetary Fund (IMF) on 19 November.

    The loan will help the country establish a “durable and broad-based economic growth and a lasting reduction in poverty,” the IMF said. The Gambia has an IMF quota of about US $42.8 million. Its outstanding use of IMF financing currently totals some US $8.1 million.

    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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