20th May 2011
A three-year EFF arrangement with access of SDR 19.5 billion was approved on
December 16, 2010. Following elections on February 25, a new coalition government with a
comfortable majority took office on March 9. In light of a delay in the first review made necessary by
the early elections, the authorities request to combine the first and second program reviews and, given
the smaller immediate external financing needs, also request a rephasing of the arrangement.