You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App
Join our mailing list to receive top business news every weekday morning.

Namibia applies for $273m IMF loan

To fight Covid-19.
Image: Shutterstock
Namibia has approached the International Monetary Fund for a 4.5 billion Namibian dollar ($273 million) emergency loan to help the government battle the Covid-19 pandemic, the Finance Ministry said.

The southern African nation has experienced a surge in infections, with 1 917 reported cases and eight deaths to date.

“We submitted an application to the IMF last week,” Finance Ministry spokesperson Tonateni Shidhudhu told Bloomberg. “We will assess the terms and conditions to see if they are favourable.”

Neighbouring South Africa was Monday granted $4.3 billion by the Washington-based lender, the largest emergency disbursement for any country yet, to assist with fighting the coronavirus.

© 2020 Bloomberg L.P.

COMMENTS   0

You must be signed in to comment.

SIGN IN SIGN UP

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: