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IMF Executive Board Approves US$67.38 Million In Emergency Support To Equatorial Guinea To Address The COVID-19 Pandemic And Accidental Explosions

<ul class="pr-points"> <li><span>The IMF Executive Board approved Equatorial Guinea&rsquo;s request for emergency assistance equivalent to about US$67.38 million under the Rapid Financing Instrument.</span></li> <li><span>The pandemic and the Bata explosions have inflicted heavy damage on Equatorial Guinea&rsquo;s economy, substantially weakened its near-term economic outlook, increased economic and financial stress, and severely affected the livelihood of much of the population.</span></li> <li><span>The authorities are committed to taking further steps as part of their ongoing effort to address macro-critical governance and corruption challenges facing Equatorial Guinea.</span></li> </ul> ....

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