Photo Source: africa news
IMF approved debt relief to provide US$ 7.63 million (SDR 5.48 million) over the next 3 months, and potentially up to US$ 24.97 million ( SDR 17.96 million) in the next 21 months. The debt service relief will help free up resources for public sector health needs including other emergency spending and help mitigate the balance of payments shock resulting from the COVID-19 pandemic. The pandemic is affecting Burundi through an evolving domestic outbreak and economic spillovers from the global and regional environment. Economic growth projections for 2020 have been revised down by 5.3 percentage points to -3.2 per cent in 2020. The Pandemic has exacerbated preexisting economic challenges and creates significant external financing needs in 2020 and 2021, mainly as a result of lower exports, elevated imports needs, and reduced remittances inflows.
Data Source: International Monetary Fund (IMF)
Nigeria’s leading music figure and vocalist, Cobhams Asuquo, known for his singing and production said…
Following a mixed reaction from the South African community representatives, Khoi and San, the Cape…
Mitigating the process and service barriers in African rail transportation, the digital disruption has transformed…
Kais Saied, the Tunisian president has said in his speech that he will allow the…
You know the credibility of an ingredient when it’s plastered all over bottles and jars…
Cyclone Gombe that flooded large areas of central and northern Mozambique is consistently leading to…
This website uses cookies.