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Reuters
Reuters
Business

IMF board approves $203 million disbursement to Democratic Republic of Congo

Congo Democratic Republic of Congo
FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

The International Monetary Fund's executive board has concluded a third programme review allowing for an immediate disbursement of about $203 million to Democratic Republic of Congo, it said on Tuesday.

Congo has a three-year, $1.5 billion extended credit facility programme with the lender agreed last year, to help meet financing needs associated with the coronavirus pandemic.

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