The International Monetary Fund (IMF) has approved immediate debt relief for 25 countries, most of them in Africa.

In a statement by Kristalina Georgieva, the Managing Director of the IMF, the international lender said it would provide $500 million in grant-based debt service relief to these countries.

“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,” Georgieva said.

“This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more of their scarce financial resources towards vital emergency medical and other relief efforts.

“The CCRT can currently provide about US$500 million in grant-based debt service relief, including the recent US$185 million pledge by the UK and US$100 million provided by Japan as immediately available resources. Others, including China and the Netherlands, are also stepping forward with important contributions. I urge other donors to help us replenish the Trust’s resources and boost further our ability to provide additional debt service relief for a full two years to our poorest member countries.”

The countries that will receive debt service relief today are: Afghanistan, Benin, Burkina Faso, Central African Republic, Chad, Comoros, Congo, D.R., The Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Solomon Islands, Tajikistan, Togo and Yemen.

https://www.thecable.ng/breaking-imf-grants-immediate-debt-relief-to-25-countries/amp?__twitter_impression=true

Wow. Good one

The list complete so?

jacquincy:
The list complete so?

You're looking for your country Nigeria abi?

Them know say we get money...na embezzle dem dey embezzle am...

espn:
Them know say we get money...na embezzle dem dey embezzle am...

My thought exactly

Nigerians no get sense.

IMF is not a charity.

What they give with the left hand they take 10 times with the right hand.

I wonder how the rest of the year is going to look like with so much debt hanging everywhere

Nigeria is so deep in debt!!!

Buhari has never been a lucky president,so much disaster in his regime.

ArewaWife:


You're looking for your cou try Nigeria abi?

Jgoldie:
I wonder how the rest of the year is going to look like with so much debt hanging everywhere

Nigeria is so deep in debt!!!

Buhari has never been a lucky president,so much disaster in his regime.

Don't worry. Your debt will be wiped clean once you all take Bill Gates' vaccine and ID2020 tag.

That is where we are heading to now.

IMF will tell them to ''enroll'' at least 60% of the population before end of 2020. They will start with our over-sabi trousered illiterates in the SW. The biafrans will key in because after all, Aunty Ngozi will not do them harm. The middle-belt will foolishly follow the SW. It is only the Muslim north and SS that will resist this madness.

Vaccines Are Not The Solution To Public Health

They are the band aid.

Africa is the most vaccinated continent on the earth and this is largely because African leaders see vaccination as a ''quick fix'' solution to a myriad of preventable diseases that has made the continent endemic to ancient diseases.

The reason Africa still reports Polio isn't because of lack of vaccination against the disease it is because the living conditions that allow polio to spread to humans are present.

Poverty and total lack of any dignified infrastructure like lack of pipe-borne water to open sewage and poor personal hygiene and surroundings are why there is still reported cases of preventable infectious diseases.

If the African governments are honest they will know that only investment in the improvement of the quality of life of its citizens can scale back cases of outdated diseases.

The know this but will rather choose the quick-fix band aid solution that the vaccine purports to offer.

Vaccines may or may not be dangerous to ones' health and they may offer cover for the diseases they are designed to prevent inoculation but they do absolutely nothing in addressing the major problem that leads to disease infection - poverty.

The African leaders are now lining up to sell their people to the globalist agenda in the form of IMF grant and loan forgiveness because to these idiots, selling their people is the only quick fix solution to their battered and hopelessly inept govts.

This is the same Africa that your chiefs, kings and Emirs sold you into slavery for trinkets and gin.

Thank God my country is there

ERockson:
Thank God my country is there

God.

No help for the negro.

You people are irredeemable.

Beggars in a field of gold.