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IMF approves $148 million emergency credit for Guinea

DAKAR (Reuters) – The International Monetary Fund (IMF) has approved $148 million in emergency credit to Guinea to bolster the West African country’s economy during the COVID-19 pandemic, it said in a statement.

“Worsening global conditions and a rapidly spreading local outbreak have deteriorated Guinea’s short-term growth prospects and hindered mining exports and tax revenues,” the IMF said.

(Reporting by Saliou Samb; writing by Edward McAllister; editing by Jason Neely)

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