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WASHINGTON, Oct. 5 (Xinhua) — The Executive Board of the International Monetary Fund (IMF) has approved a second six-month tranche of debt service relief for 28 low-income countries amid the COVID-19 pandemic.
“Relief on debt service will free up scarce financial resources for vital emergency medical and other relief efforts while these members combat the impact of the COVID-19 pandemic,” the IMF said Monday in a statement, adding this move follows the first six-month tranche of debt service relief approved in April under the so-called Catastrophe Containment and Relief Trust (CCRT).
The latest approval would enable the disbursement of grants from the CCRT for payment of eligible debt service falling due to the IMF …
Read the full article at: http://www.xinhuanet.com/english/2020-10/06/c_139421682.htm
