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Debt relief for Togo: IMF approves last tranche

28/12/2021
Categories: Economy/Forex

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The fifth and final tranche of debt service relief was approved on December 15, 2021 by the Executive Board of the International Monetary Fund (IMF) for 25 member countries eligible to benefit from the Relief and Relief Trust Fund. disaster response (ARC Trust Fund). Among these low-income countries whose debt service payable to the Fund matures between January and April 2022 is Togo.

The approval of the fifth tranche, for an approximate total of approximately $115 million, is in addition to the previous four tranches approved on April 13, 2020, October 2, 2020, April 1, 2021 and October 6, 2021. It contributes to releasing precious financial resources which can be devoted to the essential social, economic and health needs of the populations to mitigate the impact of the Covid-19 pandemic, specifies the IMF.

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