## IMF Executive Board Extends Immediate Debt Service Relief for Mali for Another Six Months

_IMF News, October 30, 2020_

## Source details

**Canonical URL:** [IMF Executive Board Extends Immediate Debt Service Relief for Mali for Another Six Months](https://www.imf.org/en/news/articles/2020/10/30/pr20328-mali-imf-executive-board-extends-immediate-debt-service-relief-for-another-six-months)

## Other formats

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## Bibliographic details
- Published: October 30, 2020

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### Approval and scope
- On October 30, 2020, the IMF Executive Board approved a second six-month tranche of debt service relief for Mali under the Catastrophe Containment and Relief Trust (CCRT) without a meeting.
- The approval enables the disbursement of grants from the CCRT for payment of eligible debt service falling due to the IMF from October 14, 2020 to April 13, 2021.

### Amounts and timing
- Estimated relief: SDR 7.50 million (about US$10.59 million).
- Coverage period for eligible IMF debt service: October 14, 2020 to April 13, 2021.
- This follows an earlier six-month tranche covering April 14 – October 13, 2020, approved on April 13, 2020 (Press Release No. 20/151).

### Purpose and expected impact
- The relief on debt service is intended to free up scarce financial resources in Mali to:
  - continue strengthening the country’s medical care capacity; and
  - address the social and economic fallout from the COVID-19 pandemic.

### Context and procedural note
- Mali’s approval was not included in the group of 28 low-income countries that benefited from the second six-month tranche on October 2, 2020 (Press Release No. 20/304) because:
  - the approval for Mali was delayed due to the coup d’état on August 18, 2020; and
  - additional time was needed to form the transition government.

### Contact
- IMF Communications Department, Media Relations — Press Officer: Meera Louis; Phone: +1 202 623-7100; Email: MEDIA@IMF.org; @IMFSpokesperson

*IMF Press Release No. 20/328, October 30, 2020.*

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## References

- [https://www.imf.org/-/media/images/imf/bios/imfboard.jpg](https://www.imf.org/-/media/images/imf/bios/imfboard.jpg)
- [The Executive Board](https://www.imf.org/external/np/sec/memdir/eds.aspx)
- [Mali and the IMF](http://www.imf.org/external/country/MLI/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [Catastrophe Containment and Relief Trust (CCRT)](https://www.imf.org/en/Publications/Policy-Papers/Issues/2020/10/06/Catastrophe-Containment-and-Relief-Trust-Second-Tranche-Of-Debt-Service-Relief-In-The-49810)
- [(see Press Release No. 20/151)](https://www.imf.org/en/News/Articles/2020/04/13/pr20151-imf-executive-board-approves-immediate-debt-relief-for-25-countries)
- [(see Press Release No. 20/304)](https://www.imf.org/en/News/Articles/2020/10/02/pr20304-imf-executive-board-extends-immediate-debt-service-relief-28-eligible-lics-six-months)
- [https://www.imf.org/en/Topics/imf-and-covid19/COVID-Lending-Tracker](https://www.imf.org/en/Topics/imf-and-covid19/COVID-Lending-Tracker)
- [https://www.imf.org/external/NP/SEC/bc/eng/index.aspx](https://www.imf.org/external/NP/SEC/bc/eng/index.aspx)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2020/10/30/pr20328-mali-imf-executive-board-extends-immediate-debt-service-relief-for-another-six-months_