IMF approves funds for Solomon Islands | Pacific Beat

IMF approves funds for Solomon Islands

IMF approves funds for Solomon Islands

Updated 20 December 2012, 11:14 AEST

In Solomon Islands, the International Monetary Fund has approved a extention of credit worth almost 2-million Australian dollars.

The money is part of the IMF's Extended Credit Facility.

The E-C-F is seen by the International Monetary Fund as a critical financial tool for tackling poverty and institutional issues in the Solomon Islands.

What does it all mean? And how will the money be used?

Presenter: Geraldine Coutts

Speaker: Patrizia Tumbarello, IMF Mission chief to the Pacific

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