IMF completes talks with Chad over $115 mln in emergency funding -statement

The International Monetary Fund has completed talks with Chad aimed at granting access to $115 million from its Rapid Credit Facility to help the African oil producer confront the impact of the COVID-19 pandemic, the Fund said in a statement.

"This will allow the authorities to meet the urgent budgetary and balance of payment needs stemming from the deterioration of the global economic conditions and the spread of COVID-19 in Chad," said the statement released late on Wednesday.

The IMF's Executive Board is expected to consider the request in mid-April.