IMF Grants Immediate Debt Relief to 25 Countries
The International Monetary Fund has approved immediate debt relief for 25 countries, most of them in Africa.
“Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust as part of the Fund’s response to help address the impact of the COVID-19 pandemic,” Georgieva said. “The CCRT can currently provide about $500 million in grant-based debt service relief, including the recent $185 million pledge by the UK and $100 million provided by Japan as immediately available resources.
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JUST IN: IMF Grant's debt relief to 25 countriesKristalina Georgieva, Managing Director of the IMF, made this known in a statement issued on Monday.
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IMF excludes Nigeria from 25 nations granted debt relief
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