Tuesday, April 14, 2020

Debt cancellation: the IMF rejects Paul Biya!

The IMF's board of directors approved this Monday, April 13, immediate debt relief for 25 countries, including 19 African. The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said the measure concerned member countries under the redeveloped Disaster Assistance and Response Trust Fund (ARC Trust Fund). It is a question of helping this group of countries to face the consequences of the COVID-19 pandemic, among which Cameroon is not included.

As the COVID-19 pandemic continues to set its pace worldwide, many poor countries have received special attention from the big powers. Among others, the IMF's call for debt cancellation was cited. French President Emmanuel MACRON had already pleaded this Monday April 13 for this cause, which was finally validated by the international monetary fund. afrinews.pro

"Our poorest and most vulnerable member countries will thus receive donations that will cover their obligations to the IMF for an initial six-month phase, which will allow them to devote more of their scarce financial resources to medical care and other vital emergency relief efforts. "She said Kristalina Georgieva, Managing Director of the IMF in a statement.

Indeed, in a context marked by the worsening of the COVID -19 health crisis, Africa is facing a lively controversy around debt. Here is the list of the 25 beneficiary countries: Afghanistan, Benin, Burkina Faso, Comoros, Gambia, Guinea, Guinea Bissau, Haiti, Solomon Islands, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Central African Republic, Democratic Republic of Congo , Rwanda, Sao Tome and Principe, Sierra Leone, Tajikistan, Chad, Togo and Yemen. It should be noted that countries like Côte d'Ivoire, Senegal, Cameroon and Mauritania are not included in the list of beneficiaries of these anti-coronavirus measures.