Catastrophe Containment and Relief Trust

Download or read book Catastrophe Containment and Relief Trust written by International Monetary Fund and published by International Monetary Fund. This book was released on 2020-04-02 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt service relief for its poorest and most vulnerable members. The CCRT enables the IMF to deliver grants for debt relief benefiting eligible low-income countries in the wake of catastrophic natural disasters and major, fast-spreading public health emergencies.