Tanzania received $25.7 million under the IMF’s Catastrophe Containment and Relief Trust to cover debt service and fund measures to fight the Covid-19 pandemic. PHOTO | FILE | NMG
Tanzania last week received $25.7 million under the IMF’s Catastrophe Containment and Relief Trust to cover debt service and fund measures to fight the Covid-19 pandemic.
In a June 10 statement, the IMF Executive Board, approved $14.3 million debt relief to cover Tanzania’s debt service falling due to the international lender to cover four months, from June 10 to October 13. Additional relief covering the next 23 months from October 14 to April 13, 2022 will be granted subject to the availability of resources in the Catastrophe Containment and Relief Trust.
