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इंडियन आवाज़     07 Jul 2020 04:44:20      انڈین آواز

Myanmar: IMF approves financial assistance worth $ 356.5 million

WEB DESK

The IMF Executive board has approved an emergency financial assistance worth 356.5 million dollars for Myanmar to address challenges posed by the COVID 19 pandemic.

According to a Press Release issued by the IMF, the assistance for Myanmar has been approved under the Rapid Credit Facility and Rapid Financing Instrument to meet the urgent balance of payment and fiscal needs of the country. It will also support the government’s plans to boost spending especially on health and social safety nets.

Meanwhile, the Myanmar government has announced that the restrictions imposed in the wake of the outbreak of Corona pandemic will be extended from 30th of this month till 15 of next month. The restrictions include compulsory wearing of masks in public places and restriction on gathering of five persons or more with certain exemptions, among others.

Myanmar has reported 239 COVID 19 cases till today including 6 deaths and 202 recoveries. A large part of the COVID 19 infection in Myanmar was reported from people returning from abroad.

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