KABUL has reached a staff-level agreement with the International Monetary Fund (IMF) on an economic reform programme to be supported by a new three-and-half year $364 million Extended Credit Facility (ECF).
Following a disbursement under the IMF’s Rapid Credit Facility in June, the ECF will help mitigate the economic impact of the Covid-19 pandemic.
The IMF said on Saturday the facility would also help maintain macroeconomic stability and underpin reforms for economic resilience and good governance.
After discussions with . . .
