Rtl today – IMF approves fourth debt relief for poor countries
The IMF has approved fourth debt relief for 24 poor countries, including new beneficiaries Lesotho and Kyrgyzstan, to help them weather the Covid-19 pandemic, according to a statement released Friday.
The aid was provided through the Washington-based crisis lender’s Catastrophe Containment and Relief Trust (CCRT), which enables the IMF to provide grants to the poorest and most vulnerable countries affected by natural disaster or disaster. a public health crisis.
In its statement, the International Monetary Fund said the relief was the fourth approved since the start of the pandemic and amounted to $ 124 million.
“This debt service relief frees up limited financial resources for vital health, social and economic support to mitigate the impact of the COVID-19 pandemic,” the institution said.
The current cycle covers payments due until January 10 next year, and the IMF has said it may also extend relief until April 13, the second anniversary of the first tranche of aid. . If so, the total relief would amount to $ 973 million.
Lesotho and Kyrgyzstan were added because they “meet the eligibility and qualification conditions for CCRT debt service relief in the context of the Covid-19 pandemic,” the IMF said.
Besides these two, Benin, Burkina Faso, Burundi, Central African Republic, Comoros, Djibouti, Ethiopia, Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Nepal, Niger, Rwanda, Sao Tome and Principe, the Sierra Leone, Solomon Islands and Tajikistan received assistance.
However, Afghanistan, which had previously received aid, is reportedly not receiving aid this round because “there remains a lack of clarity within the international community regarding the recognition of the Afghan government.
“As such, the Fund’s engagement with Afghanistan continues to be on hold,” the statement said.