Covid-19: 24 Countries in Sub-Saharan Africa Have So Far Received $4.5B in Emergency Financial Assistance from the IMF | Listwand

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Covid-19: 24 Countries in Sub-Saharan Africa Have So Far Received $4.5B in Emergency Financial Assistance from the IMF

24 Countries in Sub-Saharan Africa Have So Far Received $4.5B in Emergency Financial Assistance from the IMF Since the Covid-19 Outbreak Started.

Covid-19: 24 Countries in Sub-Saharan Africa Have So Far Received $4.5B in Emergency Financial Assistance from the IMF
©IMF

The International Monetary Fund (IMF) has published a list of 24 countries from Africa that have so far received emergency financial assistance under the Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), and augmentation of existing financing arrangements, as well as debt relief grants financed by the Catastrophe Containment and Relief Trust (CCRT).

The list includes:

Country
1Benin
2Burkina Faso
3Cabo Verde
4Central African Republic
5Chad
6 Republic of Comoros
7Democratic Republic of the Congo
8 Cote d’Ivoire
9Gabon
10 The Gambia
11Ghana
12Guinea
13Guinea-Bissau
14Liberia
15 Republic of Madagascar
16Malawi
17Mali
18Republic of Mozambique
19Niger
20 Rwanda
21Democratic Republic of Sao Tome and Principe
22Senegal
23Sierra Leone
24Togo

A survey of the world map shows Africa has received the largest share of the emergency funding help from the IMF totaling to about $4.5 billion followed by Middle East and Central Asia $2.6 billion.

Sub-Saharan Africa also accounts for the most multiple funding from IMF since the Covid-19 outbreak started.

According to the IMF, The disbursement will help address the urgent fiscal and balance of payments needs that Africa is facing, improve confidence, and catalyze support from other development partners.


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