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The executive board of the International Monetary Fund (IMF) on Wednesday approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Gabon for about $553.2 million “to navigate the COVID-19 pandemic crisis and support the implementation of the authorities’ 2021–23 Economic Recovery Strategy.” The board’s approval allows for an immediate disbursement equivalent to US$115.25 million for budget support.
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