IMF provides new funding to Africa (Free Content)

The International Monetary Fund (IMF) has provided additional funding to seven more African countries as part of its response to the coronavirus disease 2019 (COVID-19) crisis.

This raises the number of countries receiving IMF funding to 34, structured as a mixture of debt relief and direct funding.

Of these, 19 are getting debt relief under the Catastrophe Containment and Relief Trust (CCRT) platform, which backs low-income countries hit by catastrophic natural disasters and public health disasters.

This was previously reported by Debt Investor Africa.

IMF Africa Covid Response Funding List (Updated)

  1. Benin – CCRT debt relief to be provided but no additional IMF funding has been disclosed.
  2. Burkina Faso – CCRT debt relief to be provided plus an additional financing package of $115.3 million from the IMF.
  3. Cabo Verde – $32 million financing package but no CCRT debt relief has been provided.
  4. Cameroon – $226 million financing package but no CCRT debt relief has been provided. (NEW)
  5. Central African Republic – CCRT debt relief to be provided plus an additional financing package of $38 million from the IMF.
  6. Chad – CCRT debt relief to be provided plus an additional financing package of $115.1 million from the IMF.
  7. Comoros – CCRT debt relief to be provided plus an additional financing package of $12 million from the IMF.
  8. Côte d’Ivoire – $886.2 million financing package but no CCRT debt relief has been provided.
  9. Democratic Republic of the Congo (DRC) – CCRT debt relief to be provided plus an additional financing package of $363.27 million from the IMF.
  10. Djibouti – $43.4 million financing package but no CCRT package has been provided. (NEW)
  11. Egypt – $2.77 billion financing package but no CCRT package has been provided. (NEW)
  12. Ethiopia – $411 million financing package but no CCRT package has been provided.
  13. Gabon – $147 million financing package but no CCRT debt relief has been provided.
  14. Ghana – $1 billion financing package but no CCRT debt relief has been provided.
  15. Gambia – CCRT debt relief to be provided plus an additional financing package of $21.3 million from the IMF.
  16. Guinea – CCRT debt relief to be provided plus an additional financing package of $23.5 million from the IMF.
  17. Guinea-Bissau – CCRT debt relief to be provided but no additional IMF funding has been disclosed.
  18. Kenya – $739 million financing package but no CCRT debt relief has been provided. (NEW)
  19. Liberia – CCRT debt relief to be provided but no additional IMF funding has been disclosed.
  20. Madagascar – CCRT debt relief to be provided plus an additional financing package of $165.99 million from the IMF.
  21. Malawi – CCRT debt relief to be provided plus an additional IMF funding package of $91 million from the IMF. (NEW)
  22. Mali – CCRT debt relief to be provided plus an additional financing package of $200 million from the IMF.
  23. Mauritania – $130 million financing package but no CCRT debt relief has been provided.
  24. Mozambique – CCRT debt relief to be provided plus an additional financing package of $309 million from the IMF.
  25. Niger – CCRT debt relief to be provided plus an additional financing package of $114.49 million from the IMF.
  26. Nigeria – $3.4 billion financing package but no CCRT debt relief has been provided.
  27. Rwanda – CCRT debt relief to be provided but no additional IMF funding has been disclosed.
  28. São Tomé and Príncipe – CCRT debt relief to be provided plus an additional financing package of $12 million from the IMF.
  29. Senegal – $442 million financing package but no CCRT debt relief has been provided.
  30. Sierra Leone – CCRT debt relief to be provided plus an additional financing package of $21.13million from the IMF.
  31. Seychelles – $31.2 million financing package but no CCRT debt relief has been provided. (NEW)
  32. Togo – CCRT debt relief to be provided plus an additional financing package of $131.3 million from the IMF.
  33. Tunisia – $745 million financing package but no CCRT debt relief has been provided.
  34. Uganda – $491.5 million financing package but no CCRT debt relief has been provided. (NEW)