AlHijjah 02, 1436, September 16, 2015, SPA -- The International Monetary Fund's Executive Board has approved about $11.8 million in financial assistance for Central African Republic, the IMF said on Tuesday, according to Reuters. The assistance, under the IMF's Rapid Credit Facility, is to help Central African Republic meet urgent balance of payments needs and to support its emergency economic recovery program, the IMF said in a statement. The board's approval on Monday followed a disbursement of about $7.9 million to Central African Republic in March under the Rapid Credit Facility.
