IMF approves $220 mn loan for Afghanistan amid coronavirus

Washington (AFP) – The IMF board on Wednesday approved $220 million in emergency aid for Afghanistan to help the country deal with the economic impact of the coronavirus pandemic.”The pandemic is inflicting heavy damage on Afghanistan’s economy, which is expected to contract sharply in 2020, imperiling the livelihood of a significant segment of the population,” the IMF said in a statement.The funds from the Washington-based crisis lender will “help meet the urgent” financing needs as the authorities boost critical health spending and roll out social assistance to households hit hard by the cri…

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HEDGE accordingly