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IMF Approves US$75.6 Million PRGF Arrangement for Burundi

The Executive Board of the International Monetary Fund (IMF) today approved a three-year SDR 46.2 million (about US$75.6 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for Burundi, to support the implementation of the country's poverty reduction program and its efforts to consolidate macroeconomic stability. It takes into account the financial impact of rising world food and oil prices in 2008. The Executive Board's approval enables Burundi to draw an amount...