IMF Staff Country Reports

A 50-percent-of-quota disbursement under the Rapid Credit Facility (about US$129 million) was approved on April 16, 2025, to help address urgent balance-of-payments challenges. This followed the approval of a Staff- monitored Program (SMP) by management, designed to build a policy track record towards an upper credit tranche (UCT) arrangement. The RCF disbursement helped mitigate the impact of the severe 2024 flooding amid tight financing conditions, while SMP reforms focus on improving transparency in the use of public resources and enhancing governance and accountability in public financial management.