IMF approves $147 mln to help Gabon fight coronavirus - statement
- Country:
- South Africa
The International Monetary Fund's (IMF) Executive Board has approved a disbursement of $147 million under its Rapid Financing Instrument to help Gabon confront the impact of the COVID-19 pandemic, the Fund said in a statement.
"In the short term, a temporary widening of the budget deficit is warranted to contain the virus outbreak and offset the social and economic impact of the pandemic," IMF Deputy Managing Director Mitsuhiro Furusawa said.
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