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IMF Executive Board Approves a SDR 258.4 Million Disbursement to Myanmar to Address the COVID-19 Pandemic

IMF Executive Board Approves a SDR 258.4 Million Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument to Myanmar to Address the COVID-19 Pandemic.

This is the second IMF emergency financial assistance under the RFI/RCF for Myanmar since the outbreak of the pandemic: on June 26, 2020, the IMF Executive Board approved a disbursement of US$ 356.5 million (see IMF Press Release No. 20/247 ). Today’s additional financing brings the total IMF financial assistance provided to Myanmar to address COVID-19 pandemic to about US$ 700 million.