IMF grants US$7m to Burundi to help with the COVID-19 pandemic

BURUNDI – The Executive Board of the International Monetary Fund (IMF) has approved a grant of US$ 7.63 million under the IMF’s Catastrophe Containment and Relief Trust (CCRT) over the next 3 months to cover Burundi’s debt service which is falling due to the pandemic. Additional relief covering the next 21 months will be granted subject to the availability of…

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Coronavirus disrupts world trade, wipes US$50bn off global exports- UNCTAD

GLOBAL – The slowdown of manufacturing in China due to the Coronavirus (COVID19) outbreak is disrupting world trade and could result in a $50 billion decrease in exports across global value chains, according to new UNCTAD estimates. UNCTAD (the UN Conference on Trade and Development) attributes this decline partly to the virus containment measures in China – where the outbreak…

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