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IMF Lifts Freeze on Funds for Guinea-Bissau

The International Monetary Fund on Friday resumed payments to Guinea-Bissau, which were suspended in June over the government's loan bailouts for two private banks. The decision by the IMF's board could lead donors, which also suspended budget support equal to 2.1 percent of gross domestic product for this year, to follow suit. Total donor contributions, including direct budget support and financing for targeted sectors and projects, typically make up around 80 percent of...

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