newsare.net
March 30, 2021 (WASHINGTON) – The International Monetary Fund said it had released $174.2 million to South Sudan under its Rapid Credit Facility (RCF) for urgent balance of payments needs. "The pandemic-related oil price shock and devastating floods have lS. Sudan: IMF releases $174m for urgent balance of payments need
March 30, 2021 (WASHINGTON) – The International Monetary Fund said it had released $174.2 million to South Sudan under its Rapid Credit Facility (RCF) for urgent balance of payments needs. "The pandemic-related oil price shock and devastating floods have led to an economic downturn. The ... downturn widened the fiscal and the balance of payments deficits, opening large financing gaps in the absence of concessional financing,” IMF said in a statement on Tuesday. “It expected the economy would (...) - News / South Sudan, Development - Aid, International Monetary Fund (IMF) Read more











