IMF Executive Board Completes the Third Review Under the PRGF and EFF Arrangements with Albania and Approves US$3.7 Million Disbursement.

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M2 PRESSWIRE-11 July 2007-IMF: IMF Executive Board Completes the Third Review Under the PRGF and EFF Arrangements with Albania and Approves US$3.7 Million Disbursement(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:09072007 The Executive Board of the International Monetary Fund (IMF) today completed the third review of Albania's economic performance and financing assurances under the three-year Poverty Reduction and Growth Facility (PRGF) arrangement and the Extended Fund Facility (EFF) arrangement.

The completion of the reviews enables the release of an amount equivalent to SDR 2.4 million (about US$3.7 million), which will bring the total disbursements to Albania under both arrangements to SDR 9.7 million (about US$14.8 million). The concurrent three-year...