The All Share Price Index of the CSE crossed 6,500 mark for the first time since January, as a deal was reached with IMF on a US $ 1.5 billion loan facility
The news about the agreement came early this morning.
The loan program will need approval by the IMF’s executive board, which is due to consider it in early June. Once approved, it’s “expected to catalyze an additional $650 million in other multilateral and bilateral loans, bringing total support to about $2.2 billion, over and above existing financing arrangements,” the IMF said.
