IMF Executive Board Approves a US$ 165.99 Million Disbursement to the Republic of Madagascar to Address the COVID-19 Pandemic

“The Executive Board of the International Monetary Fund (IMF) today approved a disbursement under the Rapid Credit Facility (RCF) equivalent to SDR 122.2 million (about US$ 165.99million at today’s US$/SDR exchange rate, or 50 percent of the quota) to help the country meet the urgent balance of payment needs stemming from the outbreak of the COVID-19 pandemic.”

via IMF