IMF Executive Board Approves a US$12 Million Disbursement to São Tomé and Príncipe to Address the COVID-19 Pandemic

“The Executive Board of the International Monetary Fund today approved a disbursement of SDR 9.028 million (about US$12.29 million or 61 percent of its SDR quota) for São Tomé and Príncipe under the Rapid Credit Facility (RCF). The financing provided under the RCF will help address Sao Tome and Principe’s urgent external and fiscal financing needs as a result of the outbreak of the COVID-19 pandemic.”