IMF approves US$650 million in virus aid to Dominican Republic
Youths fly kites during curfew in the Dominican Republic. Tourism-dependent countries like the Dominican Republic have been hard-hit by the pandemic as virus-mitigation strategies have closed borders in much of the world and international travel has virtually shut down. – EPA pic, April 30, 2020.
THE International Monetary Fund yesterday approved US$650 million in emergency assistance to the Dominican Republic to combat the impact of the Covid-19 pandemic. “The pandemic has significantly weakened the country’s macroeconomic outlook for 2020 and created financing needs that require additional support,” the Fund said in a statement released late yesterday.
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