ADD ANI AS A TRUSTED SOURCE
googleads
Menu
US

IMF approves USD 156 million for Cameroon to finance COVID-19 response

Washington [US], October 22 (ANI/Sputnik): Cameroon will receive emergency aid totalling USD 156 million to help cover a shortfall in the nation's budget and balance of payments due to the coronavirus pandemic, the International Monetary Fund (IMF) said in a press release on Wednesday.

ANI Oct 22, 2020 02:34 IST googleads

Representative Image

Washington [US], October 22 (ANI/Sputnik): Cameroon will receive emergency aid totalling USD 156 million to help cover a shortfall in the nation's budget and balance of payments due to the coronavirus pandemic, the International Monetary Fund (IMF) said in a press release on Wednesday.
The USD 158 disbursement from the fund's Rapid Credit Facility represents about 40 per cent of Cameroon's IMF credit line, the release said.
"This is the second emergency disbursement to the country since the onset of the COVID-19 pandemic, bringing total IMF emergency support since the outbreak of the pandemic to SDR [special drawing rights] 276 million (about USD 382 million, 100 per cent of quota)," the release added.
The release credited Cameroon with mounting a proactive response to COVID-19 with efforts to contain the disease while boosting health and social spending.
The disbursement will help the nation pay for crisis-related emergency programs and cope with a pandemic-related economic slowdown, according to the release. (ANI/Sputnik)

Get the App

What to Read Next

Asia

India consistently supported Maldives in crisis: Mohamed Nasheed

India consistently supported Maldives in crisis: Mohamed Nasheed

He highlighted India's role as a "first responder" for the Maldives, emphasising that India's support during critical periods has been fundamental to the stability and security of the island nation.

Read More
Europe

ECO FAWN Society raises Pahalgam terror attack at UN Human Rights

ECO FAWN Society raises Pahalgam terror attack at UN Human Rights

At the 61st session of the United Nations Human Rights Council (UNHRC), Yasser Laaroussi, from the ECO FAWN Society, during General Debate under Item 3, in his oral statement, highlighted the terrorist attack that took place in Pahalgam on April 22, 2025. He urged the international community to intensify efforts to combat terrorism and ensure accountability for attacks targeting civilians

Read More
US

Brazil’s Silveira rules out fuel shortages, slams speculation

Brazil’s Silveira rules out fuel shortages, slams speculation

Speaking to journalists, Silveira said the country's fuel supply remains stable and the government is closely monitoring developments in the international oil market as well as domestic price movements.

Read More
Europe

"Act of terrorism": Russia slams Mediterranean drone attack

Russian Foreign Ministry Spokesperson Maria Zakharova condemned a drone strike on the commercial vessel Arctic Metagaz in the Mediterranean. Calling it "a terrorist attack & a war crime," she detailed the crew's rescue after a gas explosion, criticised Malta's refusal to assist the injured, and denounced the European silence.

Read More
Asia

Hardships grow as Pakistan tightens its grip in Balochistan 

Hardships grow as Pakistan tightens its grip in Balochistan 

Residents in Balochistan's Zehri and Surab regions are facing a severe humanitarian crisis due to a four-day curfew and military operations. The Baloch Yakjehti Committee reported acute food shortages, blocked healthcare access, and alleged house raids by security forces, urging international bodies to investigate these fundamental rights violations.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.