{
  "title": "IMF Executive Board Approves Immediate Debt Relief for 25 Countries",
  "publication": "IMF News, April 13, 2020",
  "sourceUrl": "https://www.imf.org/en/news/articles/2020/04/13/pr20151-imf-executive-board-approves-immediate-debt-relief-for-25-countries",
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  "summary": "Executive Board approved immediate debt service relief to 25 IMF member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT).",
  "publishDate": "2020-04-13",
  "sections": [
    {
      "heading": "Summary of action",
      "content": "- Executive Board approved immediate debt service relief to 25 IMF member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT).\n- Announcement date: April 13, 2020.\n- Statement issued by Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund."
    },
    {
      "heading": "Funding and scale",
      "content": "- The CCRT can currently provide about US$500 million in grant-based debt service relief.\n- Includes a recent US$185 million pledge by the U.K.\n- Includes US$100 million provided by Japan as immediately available resources.\n- Other contributors mentioned: China and the Netherlands."
    },
    {
      "heading": "Duration and use of relief",
      "content": "- Relief covers IMF debt obligations for an initial phase over the next six months.\n- Objective: help countries channel more scarce financial resources towards vital emergency medical and other relief efforts.\n- IMF urged donors to replenish the Trust’s resources to boost ability to provide additional debt service relief for a full two years to poorest member countries."
    },
    {
      "heading": "Beneficiary countries",
      "content": "- 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."
    },
    {
      "heading": "Policy message and appeals",
      "content": "- Grants through the CCRT target the poorest and most vulnerable IMF members.\n- IMF called for additional donor contributions to replenish the Trust and extend relief duration up to a full two years."
    },
    {
      "heading": "Media relations",
      "content": "- IMF Communications Department, MEDIA RELATIONS.\n- PRESS OFFICER: Wafa Amr\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- @IMFSpokesperson\n\nIMF Communications Department, April 13, 2020.\n\n---\n\n\n References\n\n- https://www.imf.org/en/about/senior-officials/bios/kristalina-georgieva\n- IMF Executive Board Approves Immediate Debt Service Relief for 25 Eligible Low-Income Countries\n- Factsheet: Catastrophe Containment and Relief Trust\n- https://www.imf.org/en/topics/imf-and-covid19\n- The IMF and COVID-19 (Coronavirus)\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2020/04/13/pr20151-imf-executive-board-approves-immediate-debt-relief-for-25-countries"
    }
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    "Published: April 13, 2020",
    "Executive Board approved immediate debt service relief to 25 IMF member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT).",
    "Announcement date: April 13, 2020.",
    "Statement issued by Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund.",
    "The CCRT can currently provide about US$500 million in grant-based debt service relief.",
    "Includes a recent US$185 million pledge by the U.K.",
    "Includes US$100 million provided by Japan as immediately available resources.",
    "Other contributors mentioned: China and the Netherlands.",
    "Relief covers IMF debt obligations for an initial phase over the next six months.",
    "Objective: help countries channel more scarce financial resources towards vital emergency medical and other relief efforts.",
    "IMF urged donors to replenish the Trust’s resources to boost ability to provide additional debt service relief for a full two years to 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.",
    "Grants through the CCRT target the poorest and most vulnerable IMF members.",
    "IMF called for additional donor contributions to replenish the Trust and extend relief duration up to a full two years.",
    "IMF Communications Department, MEDIA RELATIONS.",
    "PRESS OFFICER: Wafa Amr",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "@IMFSpokesperson",
    "[https://www.imf.org/en/about/senior-officials/bios/kristalina-georgieva](https://www.imf.org/en/about/senior-officials/bios/kristalina-georgieva)",
    "[IMF Executive Board Approves Immediate Debt Service Relief for 25 Eligible Low-Income Countries](https://www.imf.org/en/News/Articles/2020/04/16/pr20165-board-approves-immediate-debt-service-relief-for-25-eligible-low-income-countries)",
    "[Factsheet: Catastrophe Containment and Relief Trust](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/16/49/Catastrophe-Containment-and-Relief-Trust)",
    "[https://www.imf.org/en/topics/imf-and-covid19](https://www.imf.org/en/topics/imf-and-covid19)",
    "[The IMF and COVID-19 (Coronavirus)](https://www.imf.org/en/Topics/imf-and-covid19)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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