The IMF says it had approved the fifth and final round of debt relief under a program meant to help the world’s poorest nations weather the Covid-19 pandemic.
The IMF says the $115 million in relief under the Washington-based crisis lender’s Catastrophe Containment and Relief Trust affects debt service payments falling due for 25 member states between January 11 and April 13 of next year
The IMF says its directors view the CCRT relief as having helped its poorest and most vulnerable members to free up resources to tackle the pandemic and its repercussions though they warn not all money pledged for the trust has been received.