IMF approves 28.9 mln USD to Maldives as COVID-19 cases rise
MALE, April 23 (Xinhua) -- The International Monetary Fund (IMF) approved a disbursement of 28.9 million U.S. dollars to the Maldives on Thursday as the number of COVID-19 cases in the country continued to rise, local media reported.
The Executive Board of the IMF approved the disbursement under the Rapid Credit Facility (RCF), which the government can use to manage fiscal needs and balance of payments amid a worsening COVID-19 outbreak.