Macroeconomy/Finance

IMF Executive Board Approves $327 Million in Emergency Support to Bolivia

The Executive Board of the International Monetary Fund (IMF) approved Bolivias request for emergency financial assistance of about $327 million (SDR 240.1 million, 100 percent of quota) under the Rapid Financing Instrument (RFI) to help the country meet the balance of payments need stemming from the outbreak of the COVID-19 pandemic, and support urgently required medical spending and relief measures to protect the well-being of the population. According to the IMF Bolivias response to the pandemic has been timely, well-targeted, and appropriate.

Source: Cityfalcon.com