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IMF Managing Director Kristalina Georgieva

IMF to audit COVID-19 related expenditure to prevent corruption

WASHINGTON, DC, December 1, 2020 - IMF Managing DirectorKristalina Georgieva says her organization  is taking action to help fight corruption both during the COVID-19 crisis, and in the longer term, so doctors and nurses can be paid, and the most vulnerable people can be protected.

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  • Countries United_States
An aerial view of Bridgetown, the capital of Barbados (Photo: businessinsider.com)

BARBADOS | IMF says despite COVID-19 blows, B'dos economy making progress

Washington DC: October 30, 2020 - The International Monetary Fund  says despite the major impact that the COVID-19 pandemic has had on Barbados’ economy, with a double-digit decline in economic activity projected for 2020, the country continues to make good progress in implementing its ambitious and comprehensive economic reform program.

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  • Countries Barbados
T&T | IMF warns that COVID-19 could pressure some TT Banks

T&T | IMF warns that COVID-19 could pressure some TT Banks

WASHINGTON, DC – October 8, 2020: The Executive Board of the International Monetary Fund (IMF) says given the unprecedented nature of the COVID-19 pandemic, under further strong deterioration of macro financial conditions, some Trinidad and Tobago banks could breach their minimum capital requirements in 2022.

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  • Countries Trinidad_Tobago
IMF Approves US$4.3 Billion in Support to South Africa for the COVID-19 Pandemic

IMF Approves US$4.3 Billion in Support to South Africa for the COVID-19 Pandemic

Washington, DC – July 27, 2020: The Executive Board of the International Monetary Fund (IMF) today approved South Africa’s request for emergency financial assistance of SDR 3,051.2 million (US$ 4,286.5 million or 100 percent of quota) under the Rapid Financing Instrument (RFI) to meet the urgent balance of payment (BOP) needs stemming from the outbreak of the COVID-19 pandemic.

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  • Countries Africa
Abebe Aemro Selassie, Director of the IMF’s African Department

AFRICA | IMF, moots Cautious Reopening for Sub-Saharan Africa

Washington, DC – June 29, 2020 - The International Monetary Fund says the regional outlook for Sub-Saharan Africa has deteriorated sharply since the April 2020 Regional Economic Outlook report and the economy is now expected to contract by 3.2 percent in 2020; double the contraction expected in April. 

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  • Countries Africa
IMF Deputy Managing Director Tao Zhang with Barbados prime minister Prime Minister Mia Amor Mottley

BARBADOS | B'dos Economic Recovery Strong says IMF , Receives US139M drawdown

Washington, DC – June 3, 2020. The Executive Board of the International Monetary Fund (IMF) concluded the third review of the IMF’s extended arrangement under the Extended Fund Facility (EFF) for Barbados. The completion of the review allows the authorities to draw the equivalent of SDR 101 million (about US$139 million), bringing total disbursements to the equivalent of SDR 206 million (about US$283 million). 

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  • Countries Barbados
SVG | IMF allocates US$16-M to help St. Vincent with COVID-19 pandemic.

SVG | IMF allocates US$16-M to help St. Vincent with COVID-19 pandemic.

Washington, DC – May 20, 2020. The Executive Board of the International Monetary Fund (IMF) approved a disbursement to St. Vincent and the Grenadines following its request under the Rapid Credit Facility (RCF) mechanism, for SDR 11.7 million (US$16 million), to help cover its balance of payment and fiscal needs stemming from the outbreak of the COVID-19 pandemic.

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  • Countries St_Vincent_Grenadines
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