World
IMF approves $171.9mn to Madagascar to address COVID-19 pandemic
- This is the second emergency disbursement since the onset of the pandemic and will help finance the country's urgent balance of payments and fiscal needs.
NAIROBI: The International Monetary Fund (IMF) approved $171.9 million of funding to Madagascar, it said on Thursday, bringing the total COVID-19 emergency support to the country to $337.9 million.
"This is the second emergency disbursement since the onset of the pandemic and will help finance the country's urgent balance of payments and fiscal needs," the IMF said in a statement.
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