Africa

IMF to provide DRC with $262m after review

The International Monetary Fund said on Wednesday that it has completed the first review under its Extended Credit Facility for the Democratic Republic of Congo.

The IMF has approved a disbursement of $261.9m (R4.58bn) to the DRC. File photo.
The IMF has approved a disbursement of $261.9m (R4.58bn) to the DRC. File photo. (REUTERS/JOHANNES P CHRISTO)

The International Monetary Fund said on Wednesday that it has completed the first review under its Extended Credit Facility for the Democratic Republic of Congo, unlocking an immediate disbursement of $261.9m (R4.58bn).

Reuters

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