Coronavirus: IMF gives Mali extended debt service relief for six months

31 Octobre 2020

Washington, DC, US, October 31 (Infosplusgabon) - The Executive Board of the International Monetary Fund (IMF) on Friday approved a second six-month tranche of debt service relief for Mali under the Catastrophe Containment and Relief Trust (CCRT) without a meeting.

An IMF press statement, made available on Saturday, said the approval follows the first six-month tranche approved on April 13, 2020, to enable the disbursement of grants from the CCRT for payment of eligible debt service falling due to the IMF from October 14, 2020, to April 13, 2021, estimated at US$10.59 million.

According to the statement, the relief on debt service will free up scarce financial resources to continue strengthening the country’s medical care capacity and addressing the social and economic fallout from the COVID-19 pandemic.

This approval completes an earlier list of 28 low-income countries that benefited, on October 2, 2020, from the second six-month tranche of debt service relief under the CCRT.

The approval for Mali was delayed because of the coup d’état on August 18, 2020, and the time needed to form the transition government, the statement added.

FIN/INFOSPLUSGABON/VVC/GABON2020

© Copyright  Infosplusgabon