IMF approves $171.9 mln to Madagascar to address COVID-19 pandemic

July 31, 2020July 31, 2020 The African Mirror COVID-19, funding, IMF, International Monetary Fund, Madagascar

THE International Monetary Fund (IMF) has approved $171.9 million of funding to Madagascar, bringing the total COVID-19 emergency support to the country to $337.9 million.

“This is the second emergency disbursement since the onset of the pandemic and will help finance the country’s urgent balance of payments and fiscal needs,” the IMF said in a statement. – Thomson Reuters Foundation