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Africa: The Continent and the IMF – An Unlikely Duo

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africa:-the-continent-and-the-imf-–-an-unlikely-duo

[ISS] In the aftermath of the Great Lockdown, the International Monetary Fund (IMF) has been both proactive and relatively empathetic. The organisation has doubled the capacity of its two programmes meant primarily for disaster relief – the Rapid Financing Instrument and the Rapid Credit Facility – since the onset of the pandemic in March 2020. It has disbursed nearly US$90 billion, including more than US$16 billion to Africa.

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