IMF Executive Board Approves US$38.4 Million Extended Credit Facility (ECF) Arrangement for Guinea-Bissau January 30, 2023 The IMF Executive Board approved a new thirty-six-month arrangement under the Extended Credit Facility (ECF) for Guinea Bissau, in an amount of SDR 28.4 million (about US$ 38.4 million). The Executive Board’s decision will enable an immediate disbursement equivalent to SDR 2.37 million (about US$ 3.2 million). The objectives of Guinea-Bissau’s new Fund-supported program are securing debt sustainability while supporting the economic recovery, improving governance and reducing the risk of corruption,…