Tag: COVID-19 debt relief
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IMF approves $500m in debt relief for 25 countries amid COVID-19 challenges
The International Monetary Fund has (IMF) has approved an amount of US$500 million in grant-based debt service relief to 25 countries to help them deal with the negative impact of the COVID-19 on their various economies. The fund’s Managing Director, Ms. Kristalina Georgieva in a statement on Monday, April 13, said the grant falls under…