IMF approves $44.5 million credit for Madagascar


  • World
  • Thursday, 07 Dec 2017

A man travels in a boat to fish in a pond in the outskirts of the capital Antananarivo October 30, 2013. REUTERS/Thomas Mukoya

NAIROBI (Reuters) - The International Monetary Fund (IMF) said it has approved a further $44.5 million (33.3 million pounds) credit for Madagascar, as part of a drive to support the country's economic recovery.

The IMF and other international donors broke ties or cut aid payments to the Indian Ocean island after a coup in 2009, but resumed them after a peaceful presidential vote in late 2013.

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