About: http://data.cimple.eu/news-article/f2cecda25a912d4a1e0be36d65dc6c5c9b9a74eab29cd3d2ff1b0c84

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About: http://data.cimple.eu/news-article/f2cecda25a912d4a1e0be36d65dc6c5c9b9a74eab29cd3d2ff1b0c84 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic. "This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more of their scarce financial resources towards vital emergency medical and other relief efforts," IMF Managing Director Kristalina Georgieva said in a statement. The IMF board approved the debt relief for the countries, nearly all in Africa, but also Afghanistan, Yemen, Nepal and Haiti. The fund together with the World Bank have called for rich nations to stop collecting debt payments from poor countries from May 1 through June 2021. The debt relief will be funded by the IMF's Catastrophe Containment and Relief Trust (CCRT), which was first set up to combat the West Africa Ebola outbreak in 2015 and has been repurposed to help countries fend off COVID-19. The fund currently has $500 million, with Japan, Britain, China and the Netherlands among its main contributors. "I urge other donors to help us replenish the trust's resources and boost further our ability to provide additional debt service relief for a full two years to our poorest member countries," Georgieva said. Last week, the World bank said it would roll out $160 billion in emergency aid over 15 months to help countries stricken by the virus, including $14 billion in debt repayments from 76 poor countries to other governments. cs/hs
schema:headline	IMF approves debt relief for 25 poor countries
schema:mentions	2010 Haiti earthquake Debt relief West Africa Urge (digital music service) Yemen International Monetary Fund Ebola virus disease World Bank Netherlands Nepal Africa Japan Afghanistan Pandemic China Coronavirus disease 2019 Containment Western African Ebola virus epidemic Kristalina Georgieva
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	90 (xsd:integer)

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