IMF Approves $638 Million Loan For Benin Republic To Be Disbursed Within 42 Months Starting With $143 Million Today

Simon Ateba( Chief White House Correspondent )

Simon Ateba is Chief White House Correspondent for Today News Africa. Simon covers President Joe Biden, Vice President Kamala Harris, the U.S. government, the United Nations, the International Monetary Fund, the World Bank and other financial and international institutions in Washington D.C. and New York City.

The Executive Board of the International Monetary Fund (IMF) on Friday approved $638 million loan for Benin Republic to be disbursed within 42 months. The Board’s decision enables an immediate disbursement of $143 million, which the Beninese authorities intend to use for budget support.

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