Daily Archives: March 1, 2014
IMF Executive Board Completes Fourth Review Under the Extended Credit Facility Arrangement for Burundi and Approves US$7.7 Million Disbursement
BUJUMBURA, Burundi, March 1, 2014/African Press Organization (APO)/ – The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Burundi’s economic performance under the program supported by the Extended Credit Facility (ECF). The Executive Board’s decision, which was taken without a meeting,1will allow for the disbursement of an amount equivalent to SDR 5 million (about US$7.7 million), bringing disbursements under the arrangement to an amount equivalent to SDR 20 million (about US$30.9 million). Burundi’s three-year ECF arrangement was approved on January 27, 2012 (See Press Release No.12/35).
As the demand from Sub-Saharan African countries for online training steadily grows, the number of online courses has increased by 390% over the past 5 years