IMF: immediate relief to ease the debt of 25 countries
2020-04-13T22:00:12.373Z
The International Monetary Fund ensures immediate debt relief to 25 member countries as part of its Catastrophe Containment and Relief Trust to allow them to focus their scarce resources on the fight against the coronavirus pandemic. Organization leader Kristalina Georgieva reported that the Fund's executive committee approved the first batch of countries to receive grants to cover their debt service obligations to the Fund for an initial six-month period. CCRT currently has approximately $ 500 million in resources, including new commitments of $ 185 million from Great Britain, $ 100 million from Japan and amounts not revealed by China, the Netherlands and others. The Fund is pushing to bring the amount available to $ 1.4 billion. Georgieva added that "others, including China and the Netherlands, are also making progress with important contributions. I invite other donors to help us replenish the Trust's resources and further increase our ability to provide further service relief. debt for two years to our poorest member countries ". The countries that today will receive debt relief are: Afghanistan, Benin, Burkina Faso, Central African Republic, Chad, Comoros, Congo, DR, Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, Sao Tome and Principe, Sierra Leone, Solomon Islands, Tajikistan, Togo and Yemen.
Kristalina Georgieva
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13 April 2020 The International Monetary Fund immediately ensures immediate debt relief to 25 member countries as part of its Catastrophe Containment and Relief Trust to allow them to concentrate their scarce resources to fight the pandemic of the coronavirus. Organization leader Kristalina Georgieva reported that the Fund's executive committee approved the first batch of countries to receive grants to cover their debt service obligations to the Fund for an initial six-month period. CCRT currently has approximately $ 500 million in resources, including new commitments of $ 185 million from Great Britain, $ 100 million from Japan and amounts not revealed by China, the Netherlands and others. The Fund is pushing to bring the amount available to $ 1.4 billion. Georgieva added that "others, including China and the Netherlands, are also making progress with important contributions. I invite other donors to help us replenish the Trust's resources and further increase our ability to provide further service relief. debt for two years to our poorest member countries ". The countries that today will receive debt relief are: Afghanistan, Benin, Burkina Faso, Central African Republic, Chad, Comoros, Congo, DR, Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, Sao Tome and Principe, Sierra Leone, Solomon Islands, Tajikistan, Togo and Yemen.
