IMF Executive Board Approves for Senegal a U.S.$442 Million Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument

[IMF] The Executive Board of the International Monetary Fund (IMF) today approved the purchase under the Rapid Financing Instrument (RFI) equivalent to SDR 215.7 million (about US$294.7 million, 67 percent of quota) and a disbursement under the Rapid Credit Facility (RCF) equivalent to SDR 107.9 million (US$147.4 million, 33 percent of quota) to help Senegal meet the urgent balance of payment needs stemming from the COVID-19 pandemic.