IMF Approves US$2.7 Million Disbursement for Seychelles
2010-12-22 04:37 -The Executive Board of the International Monetary Fund (IMF) has completed the second program review and financing assurances review under Seychelles’ program supported by a three-year extended arrangement under the Extended Fund Facility (EFF). The completion of the second review allows the immediate disbursement of an amount equivalent to SDR 1.76 million (about US$2.7 million), bringing total disbursements under the arrangement to an amount equivalent to SDR 9.24 million (about US$14.2 million).