ANKARA
The International Monetary Fund (IMF) approved late on Monday a second six-month tranche of debt service relief for 28 low-income member countries under the Catastrophe Containment and Relief Trust (CCRT).
This approval follows the first six-month tranche from April to October and enables 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 $227 million, read an IMF statement.
Subject to the availability of sufficient resources in the CCRT, debt service relief could be provided for a total period of two years, through April 13, 2022, estimated at nearly $959 million, it said.
According to the IMF, the relief on debt service will h…
Read the full article at: https://www.aa.com.tr/en/economy/imf-extends-debt-relief-for-28-countries/1997790
