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- The IMF Executive Board approved Equatorial Guinea’s request for emergency assistance equivalent to about US$67.38 million under the Rapid Financing Instrument.
- The pandemic and the Bata explosions have inflicted heavy damage on Equatorial Guinea’s economy, substantially weakened its near-term economic outlook, increased economic and financial stress, and severely affected the livelihood of much of the population.
- The authorities are committed to taking further steps as part of their ongoing effort to addressmacro-critical governance and corruption challenges facing Equatorial Guinea.
The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a disbursement of about US$67.38 million to Equatorial Guinea under the Rapid Financing Instrument(RFI).
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