April 30, 2020 / 9:21 PM / a month ago

IMF approves $411 million in coronavirus aid for Ethiopia

FILE PHOTO: The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS/Rodrigo Garrido

WASHINGTON (Reuters) - The International Monetary Fund said it approved $411 million in emergency assistance for Ethiopia under its Rapid Financing Instrument program to help the east African country battle the coronavirus pandemic.

In a statement, the IMF said the board also approved Ethiopia’s request for a suspension of debt service payments to the Fund, of about $12 million through Oct. 13. The suspension could be extended up to April 13, 2022, subject to the availability of resources under the IMF’s Catastrophe Containment and Relief Trust for poor countries.

Reporting by David Lawder; Editing by Chris Reese

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below