July 20, 2020
- The IMF Executive Board approved debt relief under the Catastrophe Containment and Relief Trust to provide US$ 7.63 million (SDR 5.48 million) over the next 3 months, and potentially up to US$ 24.97 million (SDR 17.96 million) over the next 21 months.
- IMF debt relief will help free up resources for public sector health needs including other emergency spending and help mitigate the balance of payments shock posed by the COVID-19 pandemic.
- Given the risks ahead, it will be important to ensure close cooperation with multilateral organizations and donors and ensure adequate budget allocations toward health and other priority spending.
Washington, DC The Executive Board of the International Monetary Fund (IMF) today approve…
Read the full article at: https://www.imf.org/en/News/Articles/2020/07/20/pr20265-burundi-imf-executive-board-approves-us-7-6m-debt-relief-under-ccrt