Sierra Leone Receives Another Dept Relief Service From IMF Worth Million Dollars
The International Monetary Fund (IMF) has approved a fifth portion of COVID-19 relief service for Sierra Leone.
The Sierra Leone’s two year IMF COVID-19 debt has now reached $58 million with four debt reliefs given to Sierra Leone in 2020 and 2021 respectively.
The first debt relief was approved in April 2020 and fourth one in October 2021 and finally the fifth one which was approved on December 15 2021.
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The debt relief is given to countries under Catastrophe Containment and Relief Trust (CCRT), and Sierra Leone was among the 25 countries chosen for the debt relief service.
The fifth debt relief service worth around $115 million.
According to IMF, the debt relief will aid in mitigating the impact of COVID-19 in the country.