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Global Recovery: EU disburses SDR 141 million to the IMF’s Catastrophe Containment and Relief Trust

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The International Monetary Fund (IMF) today received the European Union (EU)’s contribution of SDR 141 million (equivalent to €170m or US$199m) to the Catastrophe Containment and Relief Trust (CCRT), which provides grants for debt service relief to countries hit by catastrophic events, including public health disasters such as COVID-19.

International Partnerships Commissioner Jutta Urpilainen said: “Through this contribution to the CCRT, Team Europe continues to stand in solidarity with its most vulnerable partners. In this difficult period, the resources freed up can provide social services for the most vulnerable people, such as access to essential healthcare and education for young people, including girls. Team Europe’s Global Recovery Initiative is working to provide debt relief and sustainable investment for the SDGs.”

“The EU’s generous contribution of €183m is critical to help the world’s most vulnerable countries cope with the impact of the COVID-19 crisis and continue providing health care, economic and social support for their people. I am grateful to the EU and its member states for their support and strong partnership. I urge other countries to contribute to the CCRT so we can in turn support our most vulnerable member countries,” IMF Managing Director Kristalina Georgieva noted.

This disbursement is part of the EU’s overall contribution of €183m (SDR 152m or US$215m) to the CCRT. It finances grants for the third tranche of CCRT debt service relief that was approved by the IMF´s Executive Board on 1 April.

ES yra pasirengusi išmokėti likusį dotacijos įnašą remiant papildomą skolų aptarnavimo lengvatą atsižvelgiant į galimas būsimas CCRT dalis. Šiuo indėliu ES kartu su ES institucijomis ir valstybėmis narėmis prisiėmė daugiau nei pusę dabartinių CCRT pažadų.

TVF kartu su trečiąja dalimi skyrė maždaug 519 mln. SDR (apie 736 mln. USD arba 626 mln. EUR) skolų palengvinimo priemonę visiems 29 CCRT reikalavimus atitinkantiems nariams nuo pandemijos pradžios 2020 m. Pradžioje. CCRT turi išlaisvinti išteklius, kad patenkintų išskirtinius nelaimės mokėjimų balanso poreikius, o ne skirti tuos išteklius skolų aptarnavimui.

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The CCRT provides grants to pay debt service owed to the IMF by eligible low-income member countries that are hit by the most catastrophic of natural disasters or battling public health disasters – such as the COVID-19 pandemic.

CCRT-eligible countries are those eligible for concessional borrowing through the IMF’s Poverty Reduction and Growth Trust (PRGT) and whose annual per capita gross national income level is below $1,175. Vulnerable countries most seriously affected by the COVID-19 crisis benefit from the CCRT.

The EU, as a global player, can help integrate debt relief into a broader policy dialogue, financing strategies and actions, in order to ‘build back better’.

This €183m contribution is fully in line with Commission President von der Leyen’s proposal for a Global Recovery Initiative that links investments and debt relief to the Sustainable Development Goals.

Trečiosios CCRT dalies gavėjai yra Afganistanas, Beninas, Burkina Fasas, Burundis, Centrinės Afrikos Respublika, Čadas, Komorai, Kongo Demokratinė Respublika, Džibutis, Etiopija, Gambija, Gvinėja, Bisau Gvinėja, Haitis, Liberija, Madagaskaras, Malavis, Malis, Mozambikas, Nepalas, Nigeris, Ruanda, San Tomė ir Prinsipė, Siera Leonė, Saliamono salos, Tadžikistanas, Togas ir Jemenas.

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Informacinis lapas apie CCRT

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