IMF resumes loans to Mali, disburses $11.7 million

http://hosted.ap.org/dynamic/stories/A/AF_MALI_IMF?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT
By BABA AHMED
Associated Press

BAMAKO, Mali (AP) — The International Monetary Fund has unfrozen its loans to Mali after a review of allegations of financial irregularities and the country will soon receive $11.7 million.

“The economic recovery is underway, but remains fragile, and prospects are clouded by a difficult security situation and the risk of an Ebola epidemic,” said Naoyuki Shinohara, acting chair of the fund’s executive board. “In order to restore business, consumer, and donor confidence, it is essential to tighten the implementation of budget and procurement rules.”

The Economic Hitmen are in control. Easy to push vaccines when you hold the purse strings.

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