(MENAFN) The Board of Directors of the International Monetary Fund has agreed to extend $ 124 million in debt relief to 24 qualified low-income countries until January 10, temporarily halting the issuance of debt by countries for the next three months.
The Washington-based lender said in a report that the acceptance of the fourth installment of debt relief from the Catastrophe Containment and Relief Trust (CCRT) brings the total debt relief from April of last year to $ 973 million.
The account included: “This debt service relief frees up scarce financial resources for vital health, social and economic support to mitigate the impact of the Covid-19 pandemic,” continued that “subject to From the availability of sufficient resources in the CCRT, debt service relief for all beneficiary countries could be granted for the remaining period from January 11 to April 13, 2022. “
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