IMF approves $363 mln to help Congo fight coronavirus - statement
- Country:
- South Africa
The International Monetary Fund's (IMF) Executive Board has approved a disbursement of $363 million under its Rapid Credit Facility to help the Democratic Republic of Congo confront the impact of the COVID-19 pandemic, the Fund said.
"Congo is experiencing a severe shock as a result of the COVID-19 pandemic," the IMF wrote in a statement late on Wednesday. "The short-term economic outlook has deteriorated quickly due to the fall of minerals' prices and the impact of needed containment and mitigation measures."
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