WASHINGTON (REUTERS) - The International Monetary Fund on Monday (April 13) said it would provide immediate debt service relief to 25 member countries under its Catastrophe Containment and Relief Trust to allow them to focus their scarce resources on fighting the coronavirus pandemic.. Read more at straitstimes.com.
WASHINGTON - The International Monetary Fund on Monday said it would provide immediate debt service relief to 25 member countries under its Catastrophe Containment and Relief Trust to allow them to focus their scarce resources on fighting the coronavirus pandemic.
She said the CCRT currently had about US$500 million in resources, including new pledges of US$185 million from Britain, US$100 million from Japan, and undisclosed amounts from China, the Netherlands and others.
The IMF in March approved changes that would allow the CCRT to provide up to two years of debt service relief to the Fund’s poorest members as they responded to the outbreak of Covid-19, the respiratory illness caused by the novel coronavirus.
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