News Brief: IMF Approval of Tajikistan PRGF Credit Takes Effect
November 3, 2000
The International Monetary Fund’s (IMF) Executive Board has decided to make effective today its approval of the third-year program for Tajikistan under the Poverty Reduction and Growth Facility (PRGF) arrangement in an amount equivalent to SDR 40 million (about US$52 million). See Press Release No. 00/58.
The decision by the IMF Executive Board was contingent upon discussion by the World Bank Executive Board of Tajikistan’s interim Poverty Reduction Strategy Paper (PRSP) and a decision that the World Bank has concluded that the interim PRSP provides a sound basis for the development of a fully participatory PRSP and for concessional assistance by the World Bank.
Under Tajikistan’s third-year PRGF arrangement, the IMF Executive Board decision makes available immediately the equivalent of SDR 6.0 million (about US$8 million).