IMF extends debt service relief for Mali initially delayed due to August 18 coup d’état

1,007FollowersFollow

The Executive Board of the International Monetary Fund (IMF) on Friday approved a second six-month tranche of debt service relief for Mali under the Catastrophe Containment and Relief Trust (CCRT) without a meeting.

The approval follows the first six-month tranche (April 14 – October 13, 2020) approved on April 13, 2020 , 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 about US$10.59 million.

The relief on debt service will free up scarce financial resources to continue strengthening the country’s medical care capacity and addressing the social and economic fallout from the COVID-19 pandemic, the IMF said in a statement.

The Mali’s approval completes an earlier list of 28 low-income countries that benefited, on October 2, 2020, from the second six-month tranche of debt service relief under the CCRT.

The approval for Mali was delayed because of the coup d’état on August 18, 2020 and the time needed to form the transition government, the IMF said.

Simon Ateba
Simon Ateba
Based in Washington, District of Columbia, United States of America, Simon leads a brilliant team of reporters, freelance journalists, analysts, researchers and contributors from around the world to run TODAY NEWS AFRICA as editor-in-chief. Simon Ateba's journalistic experience spans over 10 years and covers many beats, including business and investment, information technology, politics, diplomacy, human rights, science reporting and much more. Write him: simonateba@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

U.S. calls for independent probe into massacres in Tigray region in Ethiopia

The United States government on Thursday called for an independent investigation following massacres in the Tigray region in Ethiopia.The United States said the investigation...

Trump campaign files appeal after Judge called legal claim in Pennsylvania “Frankenstein’s Monster” before dismissing it

President Donald Trump’s legal team on Sunday filed an appeal to a federal judge’s ruling that dismissed his campaign's effort to block the certification...

Biden announces foreign policy and national security team, including Blinken as Secretary of State, Mayorkas as Secretary of Homeland Security and Kerry as envoy on climate

U.S. President-elect Joe Biden on Monday announced key members of his foreign policy and national security team, including Antony Blinken as Secretary of State;...

Angry South African President fully rejects US allegations against him and his Phala Phala wildlife farm over treatment of animals

In a statement on Saturday, the presidency in South Africa said allegations against President Cyril Ramaphosa and his Phala Phala wildlife farm over the...

Special security squad searches Atiku Abubakar, Nigeria’s main opposition candidate at airport

The main opposition candidate in Nigeria, Mr Atiku Abubakar, was thoroughly searched when he returned to the country from Dubai on Sunday morning.The search...

IMF chief to G20 leaders: jointly build foundations for better 21st century global economy

International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Sunday urged G20 leaders to jointly build the foundations for a better 21st century global amid...

Sex-bombing the continent: Africa’s most popular nude dancer, Zodwa Wabantu, deported from Zambia

Zodwa Wabantu, Africa's most popular nude dancer, has been deported from Zambia where she was due to perform.The government believed her lewd performance in...

WHO warns up to 5 million people could die without 150 to 300 minutes of moderate to vigorous aerobic activity per week

Up to 5 million deaths a year could be averted if the global population was more active. At a time when many people are...

President-elect Joe Biden and Dr. Jill Biden wish nation Happy Thanksgiving in moving CNN op-ed

“Like you, our family will hold on to our most important tradition: taking a moment to count the many reasons we have to be...

WHO urges African countries to ramp up readiness for COVID-19 vaccination drive

As the race to find a safe and effective COVID-19 vaccine is showing increasing promise, a new World Health Organization (WHO) analysis finds that Africa is...

Remembering soccer legend Diego Maradona

World soccer great Diego Maradona died on Wednesday from a heart attack, less than a month after his 60th birthday.He died at home...

IMF Managing Director Kristalina Georgieva heartbroken over passing of former World Bank President James D. Wolfensohn

The Managing Director of the International Monetary Fund Ms. Kristalina Georgieva on Wednesday expressed deep sadness over the passing of Sir James David Wolfensohn,...

Trump announces full pardon for Michael Flynn

President Donald Trump on Wednesday announced that he had granted full pardon to the former national security adviser, Michael Flynn."It is my Great Honor...

Biden delivers inspiring thanksgiving message to the nation, urges Americans to come together, defeat COVID-19 and dream again

U.S. President-elect Joseph R. Biden Jr. on Wednesday delivered an inspiring thanksgiving message to the nation, urged Americans to come together, defeat COVID-19 and...

WHO warns up to 5 million people could die without 150 to 300 minutes of moderate to vigorous aerobic activity per week

Up to 5 million deaths a year could be averted if the global population was more active. At a time when many people are home bound due to COVID-19, new WHO Guidelines on physical activity and sedentary behavior, launched on Thursday, emphasize that everyone, of all ages and abilities, can be physically active and that every type of movement counts.The new guidelines recommend at least 150...
error: Alert: Content is protected !!
Share
Tweet
WhatsApp
Pin
Share