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IMF's Decision to Extend Debt Aid

IMF's decision to extend debt aid. The International Monetary Fund will to extend emergency debt service assistance to 28 low-income countries.

IMF's Decision to Extend Debt Aid
Yazar: Elif Dinçer

Yayınlanma: 6 Ekim 2020 21:08

Güncellenme: 5 Kasım 2024 19:05

IMF's Decision to Extend Debt Aid IMF's decision to extend debt aid. A decision came from the IMF to extend the debt aid. The International Monetary Fund (IMF) has decided to extend emergency debt service assistance to 28 low-income countries for 6 months. In the statement made by the International Monetary Fund (IMF), it was stated that the executive board approved the extension of debt service assistance for 28 low-income countries until April 13, 2021, under the Disaster Impact Limitation and Debt Relief Fund (CCRT). Stating that if sufficient resources are available, the aid can continue until April 13, 2021, and the countries to be helped included England, Japan, Germany, Netherlands, Switzerland, Norway, China, Mexico, Sweden, Bulgaria, Luxembourg and Malta. In the continuation of the statement, it was underlined that the coronavirus epidemic continues to harm the economy, and it was stated that the debt service assistance supported the poorest countries to combat the epidemic.
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