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 (RCF) . It will help the country to meet urgent balance of payment needs generated by the economic impact of the COVID-19 pandemic.”