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The IMF is providing debt service relief to 29 countries, now extended for another 6 months. This means countries can use funds meant for debt servicing to respond to the pandemic and aid the recovery. The extension was made possible by contributions from the European Union and other donors to the Catastrophe Containment and Relief Trust. Read more: http://ow.ly/q4MN50Eh77V | http://ow.ly/aAne50Eh8HF | International Monetary Fund
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Great news for the poorest and most vulnerable countries to COVID-19. The IMF Executive Board has approved immediate debt relief for 25 countries under the IMF’s revamped Catastrophe Containment and Relief Trust. What does this mean? This means our poorest and most vulnerable member countries will receive grants to cover their IMF debt obligations for an initial phase over the next 6 months, enabling them to channel more of their financial resources towards vital emergency medical and other reli
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