IMF Allocates About $121Mln For Kyrgyzstan To Support Its Fight Against Spread Of COVID-19
Faizan Hashmi 6 days ago Fri 27th March 2020 | 05:30 AM
WASHINGTON (UrduPoint News / Sputnik - 27th March, 2020) The International Monetary Fund (IMF) has allocated around $121 million to Kyrgyzstan to support its fight against the spread of the coronavirus.
The approval of the request from the Kyrgyz Republic will make available US$120.9 million to the authorities to meet the urgent balance of payment needs stemming from the outbreak of the COVID-19 pandemic: helps catalyze donor support and free resources for essential COVID-19-related health expenditure," the IMF said in a statement.
"To absorb the shock of the pandemic, the [Kyrgyz] government is appropriately implementing a temporary loosening of macroeconomic and financial policies," the statement added.