imf approves 524m emergency aid to guinea bissau
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

IMF approves $5.24m emergency aid to Guinea Bissau

Arab Today, arab today

Arab Today, arab today IMF approves $5.24m emergency aid to Guinea Bissau

the International Monetary Fund (IMF)
Bissau - XINHUA

The administration council of the International Monetary Fund (IMF) on Thursday approved a 5.24- million-U.S. dollar emergency aid to Guinea Bissau, an official source has said.
The announcement was made in Bissau by the IMF resident representative Alfredo Torrez who noted that "the money will help to restore macroeconomic stability by ending budgetary deficits and enabling the country to address balance of payment issues."
Torrez said IMF's financial assistance will equally help considerably reduce poverty and reinforce the intervention capacity of Guinea Bissau's government.
"The approval of this aid will enable Bissau authorities to begin negotiations with other development partners for additional aid," he added.
The IMF resident representative said in the last two years, Guinea Bissau's Gross Domestic Product had reduced by 2 percent, something that has considerably increased poverty.
He hailed efforts by Domingos Simoes Pereira's government to pay all salary arrears in the public sector as well as making efforts to revive economic activities in the country.
Elsewhere, Portugal has given Guinea Bissau a loan of 6.825 million euros (over 8.4 million U.S. dollars) to support the country's emergency plan.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf approves 524m emergency aid to guinea bissau imf approves 524m emergency aid to guinea bissau

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf approves 524m emergency aid to guinea bissau imf approves 524m emergency aid to guinea bissau

 



GMT 08:13 2017 Friday ,03 February

Actress Rogina chooses her roles carefully

GMT 11:14 2017 Wednesday ,20 December

Air strikes kill 19 civilians in northwest Syria

GMT 20:39 2017 Saturday ,21 October

UK amb. mourns Egypt policemen

GMT 17:03 2017 Saturday ,16 September

Bangladesh accuses Myanmar of violating its airspace

GMT 05:00 2017 Thursday ,07 September

Palestinians blast 'unacceptable' US ambassador

GMT 02:42 2012 Saturday ,28 April

Walieddine, Druze regional spiritual authority dies
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday