The International Monetary Fund (IMF) announced on Monday, 13 April 2020 that it would provide immediate debt service relief to 25 member countries under its Catastrophe Containment and Relief Trust to allow them to focus their scarce resources on fighting the coronavirus pandemic.
IMF Managing Director Kristalina Georgieva in a statement said the Fund’s executive board on Monday approved the first batch of countries to receive grants to cover their debt service obligations to the Fund for an initial six months. She said the CCRT currently had about $500m in resources, including new pledges of $185m from Britain, $100m from Japan, and undisclosed amounts from China, the Netherlands and others. The Fund is pushing to raise the amount available to $1.4bn.
Haiti is included in the first list of countries that will receive debt service relief, not so the Dominican Republic.
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IMF
14 April 2020