By Draxon Maloya
Malawi and other 25 Countries are to benefit from debt relief disbursed by the International Monetary Fund (IMF) which is a special allocation aimed at fighting against further spreading of coronavirus which causes the deadly Covid19.
Kristalina Georgieva who is the Managing Director of the International Monetary Fund (IMF) issued the statement from Washington DC in the United States of America on Tuesday which reads as follows :
“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 (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic.
“This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more of their scarce financial resources towards vital emergency medical and other relief efforts.
“The CCRT can currently provide about US$500 million in grant-based debt service relief, including the recent US$185 million pledge by the U.K. and US$100 million provided by Japan as immediately available resources. Others, including China and the Netherlands, are also stepping forward with important contributions. I urge other donors to help us replenish the Trust’s resources and boost further our ability to provide additional debt service relief for a full two years to our poorest member countries.”
The countries that will receive debt service relief today are: Afghanistan, Benin, Burkina Faso, Central African Republic, Chad, Comoros, Congo, D.R., The Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Solomon Islands, Tajikistan, Togo, and Yemen.
MEDIA RELATIONS
PRESS OFFICER: WAFA AMR
PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG
Needed to post you the bit of note to be able to say thanks a lot yet again with the splendid pointers you’ve provided above. This has been so pretty generous of people like you to provide easily what most of us could have supplied as an electronic book to help make some profit for their own end, most notably given that you could possibly have done it in the event you decided. These ideas as well worked as the good way to know that many people have the same interest like my personal own to figure out good deal more related to this matter. I’m certain there are lots of more enjoyable instances ahead for those who check out your blog.
I have to voice my respect for your kind-heartedness supporting men who really need guidance on this one theme. Your real dedication to getting the solution around was astonishingly important and has all the time allowed those much like me to arrive at their aims. This informative advice indicates so much a person like me and a whole lot more to my mates. Many thanks; from everyone of us.