IMF Executive Board Completes Fifth Reviews under Extended Credit Facility and Extended Fund Facility for Cameroon and Concludes 2023 Article IV Consultation

• The IMF Executive Board completed the Fifth Reviews under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements and approved a 12-month extension and augmentation of access. The completion of the Fifth Reviews allows for an immediate disbursement of about US$ 73.8 million. The IMF Board also concluded the 2023 Article IV consultation.

Replenishment of Green Hydrogen Fund: EIB and Germany accelerate global ramp-up of clean hydrogen

The European Investment Bank (EIB) and Germany will boost the global hydrogen economy by expanding the Green Hydrogen Fund, which was established in 2021. Today, the EIB confirmed an additional German contribution into the fund, which is implemented by the Bank. This enables the fund to broaden its scope - it will now provide investment grants in addition to strategic advice and technical assistance to developing countries for initiatives or projects using green hydrogen.

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