IMF approves new programmes in support of weaker economies

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The International Monetary Fund approved a series of new programmes over the past week to support economies facing acute financial needs due to Covid-19.

The fund’s executive board sanctioned support interventions in Paraguay, the Democratic Republic of Congo (DRC), Mauritania and Bosnia and Herzegovina. The fund has faced extraordinary demands on its resources, with more than 100 countries requesting aid.

On April 20, Bosnia secured $361 million under the Rapid Financing Instrument (RFI)

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