IMF approves $370 million credit facility for Afghanistan
New programme aims to support country’s recovery from Covid-19
The executive board of the International Monetary Fund approved a new extended credit facility arrangement for Afghanistan on November 6.
The programme will remain in force for 42 months, and provide authorities with $370 million to support the recovery from Covid-19.
The programme “seeks to preserve macroeconomic stability, reverse the fiscal deterioration caused by the pandemic, and protect development and social spending”, said the fund in a statement.
The IMF forecasts Afghanistan’s
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