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IMF Disburses to Rwanda $111M For COVID After Inner City Press Asked of Sudan and Standards

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - The Source

NEW YORK, SDNY, June 11 – When the International Monetary Fund held its biweekly embargoed media briefing on June 4, Inner City Press submitted questions including on Sudan, which IMF Spokesperson Gerry Rice answered, see below.

 Now on June 11, the IMF on Rwanda issued this: "The IMF approved US$111.06 million (SDR80.1 million), a second disbursement under the Rapid Credit Facility (RCF) bringing the total IMF COVID-19 emergency support to Rwanda to US$ 220.46 million to help urgent balance of payment needs stemming from the pandemic.  · Rwanda’s economy has been severely impacted by the COVID-19 pandemic with weaker domestic demand losses of revenue, and a sharp decline in exports and remittances.  · The additional resources under the RCF will help alleviate pressing financing needs, including for health, social protection, and supporting the most impacted sectors and vulnerable groups."

   Back on June 4 Inner City Press asked, "On Sudan, what is the status - ot's reported Sudan is seeking its first IMF  program since 2014. Agreeing the non-financial initiative in June talks and persuading the U.S. to drop its long-standing listing of Sudan as a state sponsor of terrorism are key planks of the plan, FinMin El-Badawi said."

    IMF spokesperson Rice said, Matthew Lee in New York, Inner City Press, thank you for the question... He confirmed, largely, and referring to COVID-19 in Sudan. Full answer on video here. Transcript here; "for a question on Sudan from Matthew Lee, up there in New York, Inner City Press. Thank you, Matthew. "On Sudan," Matthew asks, "What's the status? It's reported that Sudan is seeking its first IMF program since 2014," etc.

 At least the IMF answers Press questions. We'll have more on this - watch this site. 

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