Debt Service Relief for 25 Countries

The International Monetary Fund (IMF) said its executive board has granted a fifth and final round of debt relief for 25 low-income countries, DW said Tuesday.

The funds are intended to help some of the world's most vulnerable countries tackle the consequences of the coronavirus pandemic.

Extension of relief until April 13 next year means an additional $115 million (€102 million) will be made available. The program has benefited the following countries: 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, the Solomon Islands, and Tajikistan.

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

In a statement, the IMF said the Catastrophe Containment and Relief Trust (CCRT) funding helps the crisis lender's "poorest and most vulnerable members to free up resources to tackle the pandemic and its repercussions."