News Brief: IMF Gives Final Approval of Fourth Review Under the PRGF Arrangement for Burkina Faso
December 10, 2001
The Executive Board of the International Monetary Fund (IMF) has given its final approval of the fourth review under the Poverty Reduction and Growth Facility (PRGF) arrangement for Burkina Faso.
The final decision by the IMF Executive Board was adopted further to a decision by the Executive Board of the World Bank on December 6, 2001, which concluded that Burkina Faso's Poverty Reduction Strategy Paper progress report provides a sound basis for World Bank concessional assistance.
The completion of the fourth review releases immediately a disbursement of an amount equivalent to SDR 5.59 million (about US$7 million) under the PRGF arrangement (see News Brief No. 01/123).