IMF Executive Board Completes Second and Third Reviews under Extended Fund Facility Arrangement for Albania and Approves €58.8 Million Disbursement

Press Release No. 15/70

February 23, 2015

The Executive Board of the International Monetary Fund (IMF) today completed the second and third reviews of Albania’s economic performance under a program supported by the Extended-Fund Facility (EFF). The completion of the review enables the authorities to draw an additional amount equivalent to SDR 47.1 million (about €58.8 million), bringing the total disbursements to SDR 94.2 million (about €117.7 million). Continue reading IMF Executive Board Completes Second and Third Reviews under Extended Fund Facility Arrangement for Albania and Approves €58.8 Million Disbursement

IMF Executive Board Approves €1.2 billion Stand-By Arrangement for Serbia

Press Release No. 15/67

February 23, 2015

The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 935.4 million (about €1.2 billion, 200 percent of quota) new Stand-By Arrangement for Serbia. The Serbian authorities have indicated their intention to treat the program as precautionary. Continue reading IMF Executive Board Approves €1.2 billion Stand-By Arrangement for Serbia