IMF approves $148 million emergency credit for Guinea


The International Monetary Fund (IMF) has approved $148 million to help Guinea address the challenges posed by COVID-19.

The amount was approved under the Rapid Credit Facility (RCF).

"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 in a statement.

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