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IMF Unlocks Money for Poorest Countries Impacted by COVID-19

IMF Unlocks Money for Poorest Countries Impacted by COVID-19

COVID-19 is the biggest challenge for travel and tourism.  is an initiative adopted by industry and government leaders in 106 countries. eTurboNews: has taken the global lead.

The International
Monetary Fund (IMF)
policy has approved new emergency funds for the 28 poorest
countries in the world to help them reduce their debt and better cope with the impact
of the COVID-19 pandemic

The 28 countries receiving the second tranche of
aid are Afghanistan, Benin, Burkina Faso, Burundi, Central African Republic,
Chad, Comoros, Democratic Republic of Congo, Djibouti, Ethiopia, Gambia,
Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mozambique, Nepal,
Niger, Rwanda, Sao Tome and Principe, Sierra Leone, the Solomon Islands,
Tajikistan, Tanzania, Togo, and Yemen.

The announcement follows a similar measure decreed
in mid-April which involved 25 countries. From the World Health Organization
(WHO) arrives alarming data that there is an iceberg of coronavirus cases has not
yet emerged.

According to WHO, hundreds of millions of people
may have already been infected, far more than the approximately 35 million
recorded by the counting officers. “About 10 percent of the world’s
population could have been infected, as stated by the head of operations of
emergency, Mike Ryan, of the Executive Board of the UN Agency.

The percentage of subjects with COVID-19 varies
between countries, between cities and urban areas, and between social groups,
Ryan pointed out and warned the OMS that “most people have no
antibodies.” The number of cases is increasing especially within the
European region, and in many countries the second wave is surpassing previous

Even where it seemed the worst had passed, for many days now we have witnessed a worrying rise in the curve of infections.

The list is long – from New York to Paris and Spain. In the United States, the number of deaths has exceeded 210,000, as reported by John Hopkins University. The officially-registered cases have so far been over 7.45 million. The US remains the country most affected in absolute terms by the pandemic, followed by India and Brazil.

There are also fears of contagions in France where
there are 5,084 cases and 70 dead. Needs increased over the weekend, while the
total number of deaths reached 32,299. And Paris, which has become a broad
alert, is running for cover by imposing new restrictive measures. For the next
15 days, all bars will be closed. The restaurants will open instead, however,
sticking to a strict protocol.

It is no better in Spain where they rate 800,000
cases. Also in Madrid, which is in partial lockdown, a ban restricts to remain
nearby the area of residence except for work or health reasons.

COVID-19 does not spare the European institutions
either. The President of the European Commission, Ursula von der Leyen,
announced that she had come into contact with a person who tested positive and
retired in quarantine. The European Commission also has reported that more than
150 government staff have contracted the virus.


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Source: eTurboNews Syndication