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IMF Executive Board Approves US$105.63 Million Extended Arrangement Under the Extended Fund Facility for Seychelles

On July 29, 2021, the Executive Board of the International Monetary Fund (IMF) approved a 32-month extended arrangement under the Extended Fund Facility (EFF) for Seychelles for SDR 74 million (US$105.63 million), or 323 percent of Seychelles’ quota. The Board’s approval allows for an immediate disbursement equivalent to US$ 34.26 million.[..]