The International Monetary Fund (IMF) on Monday announced debt service relief to 25 countries most of them in Africa to cushion the effects of COVID-19. Nigeria is not on the list.
A statement issued by Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) which contained the relief reads:
“Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic.
“This provides grants to our poorest and most vulnerable members to cover their…
Source: Nigerian Tribune