IMF approves $396 million for Jordan to fight coronavirus

AFP , Thursday 21 May 2020

The International Monetary Fund on Thursday approved $396 million for Jordan to fight the coronavirus pandemic, a disbursement equal to about a quarter of its projected need amid the global economic downturn.

The funds are the latest from the IMF's Rapid Financing Instrument, which allows nations to circumvent the lengthy negotiations usually required to secure a full economic assistance program -- time most countries do not have as they struggle to cope with the coronavirus crisis.

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