IMF releases $18.4 million loan to Mali

ABIDJAN: The International Monetary Fund (IMF) has released $18.4 million to Mali under its Rapid Credit Facility, a statement issued in Abidjan on Monday has said.

According to the statement, the amount was approved by its Executive Board.

IMF releases $18.4 million loan to MaliIMF Mission Chief in Mali, Christian Josz, also briefed newsmen on the disbursement to assist the crisis-ridden country.

Mali is currently involved in a war against terrorists to win back the Northern part of the country which was annexed since March 2012.

French troops are leading a coalition of military contingents from ECOWAS member-states to flush out the invading terrorists.
African leaders had, however, called on the UN, U.S and Europe to lend financial support to the war.

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