Coronavirus – Seychelles: International Monetary Fund (IMF) Executive Board approves a US$31.2 Million Purchase in Emergency Assistance to Seychelles to address the COVID-19 Pandemic

Download logoThe IMF approved Seychelles’ request for emergency financial assistance under the Rapid Financing Instrument (RFI) of about US $31.2 million; the near-term economic fallout of the COVID-19 pandemic is expected to be severe. Restriction in travel will hinder tourism and weaken fiscal and external positions, creating large additional financing needs; the authorities reacted swiftly by taking immediate measures of containment, including border closures, strengthening health polic

The post Coronavirus – Seychelles: International Monetary Fund (IMF) Executive Board approves a US$31.2 Million Purchase in Emergency Assistance to Seychelles to address the COVID-19 Pandemic appeared first on CNBC Africa.

CNBC AFRICA

Leave a Reply