Mali: IMF Executive Board Approves the Disbursement of Us $129 Million Under the Rapid Credit Facility for Mali

Mali: IMF Executive Board Approves the Disbursement of Us $129 Million Under the Rapid Credit Facility for Mali

Document - Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved today a disbursement of US$129 million (SDR 93.3 million) under the Rapid Credit Facility (RCF) to address the urgent needs resulting from the floods. The RCF is accompanied by an 11-month Staff Monitored Program (SMP). SMPs are agreements between member countries and IMF staff to monitor the member country's economic program and re-establish a track…