IMF approved new extension of debt relief to more than 20 low-income countries

IMF approved new extension of debt relief to more than 20 low-income countries

The statement released on Friday did not name all the countries that will receive IMF debt relief in the latest round, but noted that Afghanistan will not be included because the Fund has suspended the commitment with the Taliban government that took control of the country in August. Parallel, Kyrgyzstan and Lesotho will join.

In the previous sections, in addition to Afghanistan, the beneficiaries had been: Benin, Burkina Faso, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, Sao Tome and Principe, Sierra Leone , Solomon Islands, Tajikistan, Togo and Yemen.

It should be remembered that at the beginning of the Covid-19 pandemic in March 2020, the multilateral credit body launched an effort to raise $ 1.4 billion in grants for the catastrophe fund to provide debt relief. So far, donors, including Britain, Japan, Germany and other European and Asian countries, have pledged about $ 860 million.

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