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Dominica seeks funding from IMF

Published:Monday | July 13, 2009 | 1:09 PM

The government in Dominica has announced that it’s seeking low-interest funding from the International Monetary Fund (IMF).



Government officials say the money will come from a concessional IMF facility for countries hit by the financial crisis.



They say the government has already made a formal request for US$5 million from the Fund\'s Exogenous Shock Facility to help meet a shortfall in export earnings.