Via IMF (Den Internationale Valutafond)

IMF Executive Board Extends Immediate Debt Service Relief for Another Six Months







October 30, 2020











  • On October 30, 2020, the Executive Board of the International Monetary Fund (IMF) approved a second six-month tranche of debt service relief for Mali under the Catastrophe Containment and Relief Trust (CCRT) without a meeting.
  • 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.

Washington, DC: On October 30, 2020, the Executive Board of the International
Monetary Fund (IMF) approved a second six-month tranche of debt service relief
for Mali under the 
Catastrophe
Containment and Relief Trust (CCRT)
without a
meeting. This approval follows the first six-month tranche (April 14 –
October 13, 2020) approved on April 13, 2020 
(see Press
Release No. 20/151
)
, 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 SDR 7.50 million (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.

 

This 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
(see Press
Release No. 20/304
)
. 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.

 

 

 

 

 

 

More information

 

IMF Lending Tracker (emergency financing request
approved by the IMF Executive Board)

https://www.imf.org/en/Topics/imf-and-covid19/COVID-Lending-Tracker

 

IMF Executive Board calendar

https://www.imf.org/external/NP/SEC/bc/eng/index.aspx

 


 

 

 

IMF Communications Department
MEDIA RELATIONS

PRESS OFFICER: Meera Louis

Phone: +1 202 623-7100Email: MEDIA@IMF.org

@IMFSpokesperson








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