IMF executive board approves US$100 million under a new Extended Credit Facility (ECF) Arrangement for Somalia

[Deeq A.]

Washington, DC: On December 19, 2023, the Executive Board of the International Monetary Fund (IMF) approved a new 3-year arrangement under the Extended Credit Facility (ECF) for Somalia in an amount of SDR 75 million (about 45.9 percent of quota, about US$100 million).

Source: Hiiraan Online