FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas
September 16, 2021
DAKAR (Reuters) – The International Monetary Fund (IMF) has approved $67 million emergency support for Equatorial Guinea to help it deal with the impact of the coronavirus pandemic and an explosion at a military base that destroyed much of its mainland city of Bata in March.
The IMF said in a statement on Thursday that the financial support requested by the oil-dependent Central African state would help it mitigate the fallout from both shocks.
“The Bata explosions and still unfolding COVID-19 pandemic have inflicted heavy human and economic damage on Equatorial Guinea,” the IMF said.
The explosions at a depot in a military barracks in Bata killed 105 people.
(Reporting by Bate Felix; Editing by Alex Richardson)
Source: One America News Network
