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Madagascar gets $67.5 million disbursement from IMF Executive Board after loan program review

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.