The International Monetary Fund said on Monday its Executive Board approved a $67.5 million disbursement to Madagascar after completing an initial review of the island country’s economic program under a $312 million loan granted last year.
The IMF said the payment brings disbursements under Madagascar’s 40-month Extended Credit Facility program to about $135 million so far.
Madagascar gets $67.5 million disbursement from IMF Executive Board after loan program review
