Tag: Poor countries
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IMF approves fresh round of debt relief for poor countries
The IMF has approved a fourth round of debt relief for 24 poor nations including new recipients Lesotho and Kyrgyzstan to help them weather the Covid-19 pandemic, according to a statement released Friday. The relief was provided under the Washington-based crisis lender’s Catastrophe Containment and Relief Trust (CCRT), which enables the IMF to provide grants…
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Biden to announce U.S. release of $4bn for COVID-19 vaccines to poor countries today
United States President Joe Biden will announce at the G7 gathering on Friday that the United States will release $4billion for an international initiative to supply Coronavirus (COVID-19) vaccines to poor countries, the White House said. “The United States will provide an initial $ 2 billion contribution to Gavi, the Vaccine Alliance for the COVAX…