IMF gives South Sudan additional $334 million loan

IMF gives South Sudan additional $334 million loan

IMF gives South Sudan additional $334 million loan

The International Monetary Fund (IMF) has granted South Sudan a $334 million loan to improve its ailing economy, the country’s Central Bank has said.

“The country has been allocated $334 million by the IMF as part of the general allocation of Special Drawing Rapid approved by the IMF Board of Directors on 2nd August 2021. The allocation became effective on Monday, 23rd of August.

For more information, please see https://www.theeastafrican.co.ke/tea/business/imf-loan-south-sudan-3524044

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