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IMF approves $567 mln in emergency support for Tanzania

IMF approves $567 mln in emergency support for Tanzania

ANDREA SHALAL THE International Monetary Fund's executive board has approved $567 million in emergency support for Tanzania to help it finance a COVID-19 vaccination campaign and meet the health and social costs of the pandemic, the IMF said in a statement. The IMF board approved a disbursement of $189 million to Tanzania under its Rapid Credit Facility (RCF), as well as $378 million under the Rapid Financing Instrument (RFI), the global lender said. The COVID-19 outbreak and associated travel restrictions have led to the collapse of the tourism sector in the East African country, which had denied the existence of…
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