IMF grants debt relief for 19 African nations
WASHINGTON, APR 14 – The International Monetary Fund has approved immediate debt service relief for 19 African countries for an initial period of six months to enable them to channel financial resources towards dealing with the coronavirus pandemic.
Burkina Faso, Chad, Central African Republic and Mozambique are among the countries that will benefit from this relief.
Others are Benin, Comoros, Democratic Republic of Congo, The Gambia, Guinea, Guinea-Bissau, Liberia, Madagascar, Malawi, Mali, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone and Togo.
Debt cancellation and relief for African countries are among measures that have been called for by advocacy groups to enable some of the most vulnerable countries in the region cope with the worsening pandemic.
Related News
Regional stability Iran to mediate between Pakistan and Afghanistan
Iranian officials have been actively engaging both sides in recent days. Foreign Minister Abbas AraghchiRead More
Poland’s political divide hobbles reform as war rages next door
Warsaw, Dec 10 (AFP/APP): With war raging in neighbouring Ukraine and deep division at home,Read More


Comments are Closed