IMF: emergency aid released for 28 countries, including 22 African

The logo of the International Monetary Fund (IMF) outside the headquarters building in Washington, United States.

REUTERS / Yuri Gripas / File Photo

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The IMF is still at the bedside of the poorest in this time of global crisis.

The Fund on Monday approved new emergency aid for 28 countries, 22 of which are in Africa.

The money received will allow them either to alleviate their debts or to help finance the fight against the effects of the pandemic, says the IMF.

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Last April,

of the poorest countries by activating an emergency mechanism, the Trust Fund for Assistance and Response to Natural Disasters.

A fast and efficient tool, a huge wallet of 500 million dollars filled by rich countries and emerging countries that the IMF would like to see triple in size.

Because this trust fund will be used again from this month to help a group of 28 countries including 22 African.

They could receive by April 2022 a total amount of 959 million dollars.

The advantage of this trust fund is that they are donations and

repayable

.

Countries can use the money either for debt relief or for fighting the pandemic and its effects, including improving health systems.

In Africa, with the exception of Rwanda, it is the less rich who are served.

Mali, although eligible, is still on the waiting list.

The Fund first wants to know whether the international community will recognize the new government resulting from the military regime.

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• Economy

• Africa

• IMF

• Coronavirus

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