It is evident that from the start of the first confirmed covid-19 case in Africa on 14th February 2020, African countries have been hit hard financially hence the need to seek financial assistant from the international monetary fund to support their various geographical locations as they employ all safety precautions in reducing the spread of the virus.
Here is a list of African countries that have been supported by the IMF.
- Sierra Leone
Type of emergency financing: CCRT
Amount approved: $13.36million
Date approved: April 13, 2020
- Burkina Faso
Type of emergency financing: Rapid Credit Facility (RCF) and CCRT
Amount approved: RCF-$84.28, CCRT-8.74
Date approved: RCF-April 14, 2020, CCRT-April 13, 2020
- Cape Verde
Type of emergency financing: RCF
Amount approved: $23.7 million
Date approved: April 22, 2020
- Benin
Type of emergency financing: Catastrophe Containment and Relief (CCRT)
Amount approved: $7.43 million
Date approved: April 13, 2020
- Comoros
Type of emergency financing: CCRT, RCF and Rapid Financing Instrument (RFI)
Amount approved: CCRT-$0.97million, RCF-$2,97 million, RFI-$5.93million
Date approved: CCRT- April 13, 2020, RCF-April 22, 2020, RFI-April 22, 2020
- Democratic Republic of Congo
Type of emergency financing: CCRT and RFI
Amount approved: CCRT-$14.85million, RCF-$266.5million
Date approved: CCRT-April 13, 2020, RCF-April 22, 2020
- Gabon
Type of emergency financing: RFI
Amount approved: $108million
Date approved: April 9, 2020
- The Gambia
Type of emergency financing: CCRT and RCF
Amount approved: CCRT-$2.10million, RCF-$15.55million
Date approved: CCRT-April 13, 2020, RCF-April 15, 2020
- Chad
Type of emergency financing: RCF and CCRT
Amount approved: CCRT-$10.12million, RCF-$84.12million
Date approved: CCRT-April 13, 2020, RCF-April 14, 2020
- Ghana
Type of emergency financing: RCF
Amount approved: $738million
Date approved: April 13, 2020
- Central African Republic
Type of emergency financing: CCRT and RCF
Amount approved: CCRT – $2.86 million, RCF – $27.85 million
Date approved: CCRT-April 13, 2020, RCF-April 20, 2020
- Guinea
Type of emergency financing: CCRT
Amount approved: $16.37million
Date approved: April 13, 2020
- Guinea-Bissau
Type of emergency financing: CCRT
Amount approved: $1.08 million
Date approved: April 13, 2020
- Madagascar
Type of emergency financing: CCRT and RCF
Amount approved: CCRT-$3.06million, RCF-$122.2million
Date approved: CCRT and RCF – April 13, 2020
- Cote D’Ivoire
Type of emergency financing: RCF and RFI
Amount approved: RCF-$216.8million, RFI-$433.6million
Date approved: RCF & RFI-April 17, 2020
- Malawi
Type of emergency financing: CCRT
Amount approved: $7.20million
Date approved: April 13, 2020
- Mali
Type of emergency financing: CCRT
Amount approved: $7.30million
Date approved: April 13, 2020
- Niger
Type of emergency financing: CCRT and RCF
Amount approved: CCRT-$5.64million, RCF-$83.66
Date approved: CCRT-April 13, 2020, RCF-April 14, 2020
- Liberia
Type of emergency financing: CCRT
Amount approved: $11.63million
Date approved: April 13, 2020
- Rwanda
Type of emergency financing: RCF and CCRT
Amount approved: RCF-$80.1million, CCRT-$8.01million
Date approved: RCF-April 2, 2020, CCRT-April 13, 2020
- Sao Tome and Principe
Type of emergency financing: CCRT and RCF
Amount approved: CCRT-$0.11million, RCF-$9.03million
Date approved: CCRT-April 13, 2020, RCF-April 21, 2020
- Togo
Type of emergency financing: CCRT and Augmentation of ECF
Amount approved: CCRT-$3.74million, Augmentation of ECF-$71.49million
Date approved: CCRT-April 13, 2020, Augmentation of ECF-April 3, 2020
- Mozambique
Type of emergency financing: CCRT and RCF
Amount approved: CCRT-$10.89million, RCF-$227.2million
Date approved: CCRT-April 13, 2020, RCF-April 24, 2020
- Senegal
Type of emergency financing: RFI and RCF
Amount approved: RFI-$215.73million, RCF-$107.87million
Date approved: RFI&RCF-April 13, 2020
