IMF Executive Board Completes the Fourth Review Under the PRGF and EFF Arrangements with Albania and Approves US$4 Million Disbursement.

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M2 PRESSWIRE-1 April 2008-IMF: IMF Executive Board Completes the Fourth Review Under the PRGF and EFF Arrangements with Albania and Approves US$4 Million Disbursement(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:31032008

The Executive Board of the International Monetary Fund (IMF) on March 28, 2008, completed the fourth 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$4 million), which will bring the total disbursements to Albania under both arrangements to SDR 12.2 million (about US$19.9 million). ...