IMF Gives Final Approval of Second Review of Lao P.D.R.'s PRGF Loan

The Executive Board of the International Monetary Fund (IMF) has given its final approval of the second review of the performance of the Lao People's Democratic Republic under the Poverty Reduction and Growth Facility (PRGF). The final decision by the IMF Executive Board was contingent on the World Bank's review of Lao P.D.R.'s Poverty Reduction Strategy Paper Preparation Status Report.

The completion of the second review releases a further SDR 4.53 million (about US$6 million) from the IMF from the PRGF arrangement (See News Brief No. 02/90).