World
IMF approves $148mn emergency credit for Guinea
- "Worsening global conditions and a rapidly spreading local outbreak have deteriorated Guinea's short-term growth prospects.
DAKAR: The International Monetary Fund (IMF) has approved $148 million in emergency credit to Guinea to bolster the West African country's economy during the COVID-19 pandemic, it said in a statement.
"Worsening global conditions and a rapidly spreading local outbreak have deteriorated Guinea's short-term growth prospects and hindered mining exports and tax revenues," the IMF said.
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