News Brief: IMF Gives Final Approval of First Review of Guinea's PRGF Loan
August 5, 2002
The final decision of the IMF Executive Board was contingent on a decision by the Executive Board of the World Bank on July 25, 2002. The decision concluded that Guinea's Poverty Reduction Strategy Paper provides a sound basis for concessional assistance by the World Bank.
The completion of the first review releases a further SDR 12.85 million (about US$17 million) from the arrangement (see News Brief No. 02/75).