IMF grants debt relief for 25 nations

In addition to emergency funds already agreed, the IMF has approved debt relief to 25 of the world’s poorest countries to allow them to focus financial resources on fighting the coronavirus pandemic


INITIAL EMERGENCY FUNDS TO BATTLE COVID-19*

IMF (3.4bn)	World Bank (1.9bn)	Both

Ghana		$1 billion (IMF) $35 million (World Bank)
India		$1 billion
Tunisia		$745m
Senegal 	$442m (IMF) $20 million (World Bank)
Pakistan	$200m
North Macedonia $191.83m 
Albania 	$190.5m
Madagascar 	$166m
Gabon		$147m
Honduras 	$143m
Sri Lanka 	$128.6m
Kyrgyzstan 	$120.9m
Chad 		$115m
Rwanda 		$109.4m
Afghanistan 	$100.4m
Ethiopia 	$82.6m
Kosovo 		$56.5m
Kenya		$50m
D.R. Congo	$47.2m
Argentina 	$35m
Mongolia	$26.9m
Yemen 		$26.9m 
Cambodia 	$20m 
Ecuador 	$20m 
Haiti 		$20m 
Paraguay 	$20m 
Tajikistan 	$11.3m 
Gambia 		$10m 
Sierra Leone	$7.5m 
Maldives 	$7.3m 
Mauritania 	$5.2m 
Cabo Verde 	$5m 
Djibouti 	$5m 
São Tomé & Príncipe $2.5m

                  
IMF granting immediate debt relief of $215m for six months, with extensions possible for up to two years. Also included: Benin, Burkina Faso, Central African Republic, Comoros, Guinea, Guinea-Bissau, Liberia, Malawi, Mali, Mozambique, Nepal, Niger, Solomon Islands, Togo


*As of April 14


Sources: IMF, World Bank
© GRAPHIC NEWS