The International Monetary Fund (IMF) will “in the medium term” make available to Guinea-Bissau an envelope of 36.3 million dollars, announced Monday evening in Bissau, the head of mission of the financial institution. international, José Gijon.
The granting of this envelope is part of the Extended Credit Facility program concluded with the Guinea-Bissau authorities, he said after a 15-day mission to Guinea-Bissau.
The 36-month Extended Credit Facility program aims to “ensure debt sustainability, support economic recovery and create fiscal space to foster sustainable and inclusive growth”, explained the IMF mission chief.
Mr. Gijon also stressed that “Guinea-Bissau’s economy is gradually recovering from the effects of the COVID-19 pandemic”, although the repercussions of the conflict in Ukraine could delay its recovery.