Great news for the poorest and most vulnerable countries to COVID-19. The IMF Executive Board has approved immediate debt relief for 25 countries under the IMF’s revamped Catastrophe Containment and Relief Trust. What does this mean? This means our poorest and most vulnerable member countries will receive grants to cover their IMF debt obligations for an initial phase over the next 6 months, enabling them to channel more of their financial resources towards vital emergency medical and other reli

Top 25 countries most in debt in the IMF. #IMF #debt | Arman Fernando Andres

Malawi's Extended Credit Facility with IMF Lapses Indefinitely Amid Economic Challenges Malawi’s IMF Extended Credit Facility (ECF) has lapsed due to external shocks, including Cyclone Freddy (2023) and El Niño droughts (2024). The pause allows post-September 2025 election negotiations for a new program. The ECF’s 2023 approval marked a milestone—President Lazarus Chakwera hailed it as restoring IMF ties after a decade-long hiatus, blaming the gap on Cashgate scandals and fiscal mismanagement un