IMF Executive Board Approves a US$32 Million Disbursement to Cabo Verde to Address the COVID-19 Pandemic

“The Executive Board of the International Monetary Fund today approved a disbursement of SDR 23.70 million (about US$32.3 million, 100 percent of quota) to Cabo Verde under the Rapid Credit Facility. It will help the country to meet urgent balance of payment needs generated by the economic impact of the COVID-19 pandemic.”