Several Countries Including Liberia To Get Huge Debt Relief From IMF

IMF Managing Director Kristalina Georgieva

Washington: More than 119000 people died due to coronavirus, while millions of people have been infected with this virus. It is a bit difficult for scientists to say how long will be able to get rid of this disease. In view of the coronavirus epidemic, the Executive Board of the International Monetary Fund (IMF) has approved immediate debt service relief to 25 poor countries.

IMF Managing Director Kristalina Georgieva said in a statement that today I am pleased to say that the IMF Executive Board has approved immediate debt service relief under the Revised Devastation Container and Relations Trust (CCRT) of 25 countries. She further said that it provides grants to poor and most vulnerable members to cover their IMF debt obligations for an early stage over the next six months and their scarce financial resources for critical emergency medical and other relief efforts and More channels will help.

Among the 25 countries that will receive this debt service relief are Afghanistan, Benin, Burkina Faso, Central African Republic, Chad, Comoros, Congo, Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, Sao Tome and Principe, Sierra Leone, Solomon Islands, Tajikistan, Togo and Yemen.

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About Cholo Brooks 12089 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.