8K views · 329 reactions | Today, the International Monetary Fund (IMF) and World Bank approved Somalia’s eligibility for debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. This means the Somalia now has access to new financial resources from development partners to build a more prosperous future for its people. More on today’s announcement here: ow.ly/pQbx50yVEd7 | International Monetary Fund | Facebook
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9.1K views · 648 reactions | The IMF is providing debt service relief...
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Great news for the poorest and most vulnerable countries to COVID-19. The IMF Executive Board has approved immediate debt relief for 25 countries under the IMF’s revamped Catastrophe Containment and Relief Trust. What does this mean? This means our poorest and most vulnerable member countries will receive grants to cover their IMF debt obligations for an initial phase over the next 6 months, enabling them to channel more of their financial resources towards vital emergency medical and other reli
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Great news for the poorest and most vulnerable countries to COVID-19. …
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Prime Minister calls for a “Global Initiative on Debt Relief” Prime Minister Imran Khan, today, appealed for a “Global Initiative on Debt Relief”. While noting that COVID-19 pandemic has posed unprecedented health and economic challenges, the Prime Minister underlined that a global recession was certain, one worse than the Great Depression. A global pandemic cannot be contained without strong, coordinated and well-crafted global response, he stressed. The Global Initiative on Debt Relief will br
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5.4K views · 211 reactions | What is debt sustainability? Why is it important to maintain debt at sustainable levels? And what can borrowers and creditors do to address rising #debt vulnerabilities and maintain debt sustainability? Find out in this new video from the IMF and read more at: https://imf.org/DSA This topic will also covered in the September 2020 issue of the IMF's Finance & Development Magazine (imf.org/FandD). | International Monetary Fund | Facebook
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Covid-19: Nineteen African countries to benefit from IMF debt relief
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