IMF takes new steps to support weaker countries

Kristalina Georgieva
IMF Photo/Cory Hancock

The International Monetary Fund has taken new steps to support the most vulnerable countries in tackling the Covid-19 crisis.

On April 13, the fund approved immediate debt relief for 25 member countries under the enhanced Catastrophe Containment and Relief Trust (CCRT). In 2015, the IMF set up the CCRT during the Ebola outbreak to allow it to provide grants for debt relief to the poorest and most vulnerable countries hit by catastrophic natural disasters or public health disasters.


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