Local Editor
The Executive Board of the International Monetary Fund (IMF) has approved relief on debt service for 25 countries amid the COVID-19 pandemic, the IMF said in a statement.
“The Executive Board today approved relief on debt service for 25 member countries that are eligible for support from the Catastrophe Containment and Relief Trust (CCRT),” the statement issued late on Wednesday said.
The list of countries which will enjoy the relief on debt service includes Yemen.
Last month, the IMF and the World Bank Group issued a joint call urging creditors to suspend debt payments of the world’s poorest countries.
Source: Yemenwatch.net
