COVID-19: IMF approves $7.6 million debt relief to Burundi

The International Monetary Fund (IMF) said it had approved $7.6 million debt relief to Burundi to help address the economic impact of the COVID-19 pandemic.

It said the relief for three months would be potentially raised to $24.97 million over the next 21 months if resources are available.

“IMF debt relief will help free up resources for public sector health needs, including other emergency spending and help mitigate the balance of payments shock posed by the COVID-19 pandemic,’’ the IMF said in a statement.