20120209
Reuters
WASHINGTON (Reuters) - The International Monetary Fund on Wednesday extended Angola's loan program by a few weeks to March 30, 2012, to give it time to sign off on a final review of the country's $1.4 billion standby arrangement.
The program, approved in November 2009, was scheduled to expire on February 22.
The IMF board is set to consider the performance review in late March, which would free up the last loan disbursement of $133.6 million under the loan agreement, the global lender said.
Angola, which is Africa's second-largest oil producer after Nigeria, has not requested a follow-up IMF loan agreement although the Fund will continue to monitor its economy.
|
