IMF Executive Board Approves U.S.$ 174.2 Million Emergency Assistance for South Sudan to Address the Covid-19 Pandemic

[IMF] Washington, DC: The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 123 million (50 percent of quota or about US$ 174.2 million) to South Sudan under the Rapid Credit Facility (RCF). This is the second IMF financial assistance to South Sudan since it joined the IMF in 2012. The disbursement will help finance South Sudan’s urgent balance of payments needs and provide critical fiscal space to maintain poverty-reducing and growth-enhancing spending.

[IMF] Washington, DC: The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 123 million (50 percent of quota or about US$ 174.2 million) to South Sudan under the Rapid Credit Facility (RCF). This is the second IMF financial assistance to South Sudan since it joined the IMF in 2012. The disbursement will help finance South Sudan’s urgent balance of payments needs and provide critical fiscal space to maintain poverty-reducing and growth-enhancing spending.