About: http://data.cimple.eu/news-article/40f70e31019af9629029c396a16f26cb065ae3161fd28db928c81ab8

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The International Monetary Fund on Wednesday announced emergency aid of $363 million to fight the new coronavirus in the Democratic Republic of Congo, an African nation that had also been battling Ebola and militia attacks. "DRC is experiencing a severe shock as a result of the COVID-19 pandemic," an IMF statement said. "The short-term economic outlook has deteriorated quickly due to the fall of minerals' prices and the impact of needed containment and mitigation measures." Mineral exports, particularly to China, are the impoverished country's main revenue source. The IMF approved a disbursement under the Rapid Credit Facility equivalent to about $363 million to help the DRC meet urgent balance of payment needs stemming from the pandemic. Additional support from other development partners is expected to close the remaining gap and ease budget financing needs, the Washington-based IMF said. It said DRC authorities made a firm response to the pandemic including an increase in health-related spending but domestic revenue mobilization has suffered and foreign exchange reserves have come under pressure, while the central bank announced liquidity support. The DRC has recorded at least 21 dead from COVID-19 out of more than 250 cases since March 10, almost all in Kinshasa. Last Friday the IMF and World Bank warned that Africa needs tens of billions of dollars in additional money to fight the coronavirus pandemic despite debt freezes and massive pledges of support. Dt/la/it/dw
schema:headline	IMF approves $363 mn in virus aid to DR Congo
schema:mentions	Foreign-exchange reserves Dominican Republic Deutsche Welle Militia Kinshasa Democratic Republic of the Congo International Monetary Fund Ebola virus disease World Bank Africa Pandemic China Coronavirus Coronavirus disease 2019 Market liquidity Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)

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