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IMF executive board extends debt service relief for 25 low-income countriesThe tranche completes the two-year Covid-related debt service relief first approved in April 2020
Reuters
Last Updated IST
Representative image. Credit: Reuters file photo
Representative image. Credit: Reuters file photo

The International Monetary Fund said on Monday its executive board has extended Fund debt service relief for 25 eligible low-income countries for another three months until April 13, 2022.

The approval of the fifth and final tranche of debt service relief totaling about $115 million follows four prior tranches approved in April and October of 2020 and 2021, the IMF said in a statement on Monday.

The tranche completes the two-year Covid-related debt service relief first approved in April 2020, providing relief worth about $964 million to eligible countries.

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Countries receiving debt service relief in the fifth tranche under the Catastrophe Containment and Relief Trust include Benin, Burkina Faso, Burundi, Central African Republic, Comoros, Djibouti, Ethiopia, Gambia, Guinea, Guinea-Bissau, Haiti, Kyrgyzstan, Lesotho, Liberia, Madagascar, Malawi, Mali, Nepal, Niger, Rwanda, Sao Tome and Principe, Sierra Leone, Solomon Islands, and Tajikistan.

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(Published 21 December 2021, 05:17 IST)