Tag: Extended Fund Facility

Angola Says Committed to Economic Diversification with IMF Support

April 6, 2016/Ministry of Finance, Republic of Angola The Government of Angola is aware that the high reliance on the oil sector represents a vulnerability to the public finances and the economy more broadly. The sustained efforts over many years to promote economic diversification have already resulted in a significant […]

Lagarde Hails Cyprus on Financial Stability, Approves $113.1 Million Facility

By Peter OBIORA InvestAdvocate   Lagos (INVESTADVOCATE)- Christine Lagarde, Managing Director  (MD) of the International Monetary Fund (IMF) Monday commended Cyprus on steps taken to ensure financial stability of the country and approved the disbursement of about  ÃƒÂ¢Ã¢â‚¬Å¡Ã‚¬84.7 million, or US$113.1 million extended fund facility (EFF).   This is coming […]