Washington—The International Monetary Fund said Saturday it had reached a preliminary agreement with Niger on periodic reviews of several aid programs underway in the Sahel country, opening the door to more than $70 million in funding.
The agreement will require approval by the Fund’s board of directors, which is set to meet in July, the IMF said in a statement.
This was the fourth and fifth review of the aid program to Niger, allowing for the disbursement of $26.1 million “to cover external financing needs.”
The agreement also covers the first review of the Resilience and Sustainability Facility, the IMF’s long-term financing tool to address risks and challenges linked to climate change, allowing the disbursement of another $45.3 million. AFP
