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IMF approves $67 million emergency support for Equatorial Guinea By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: A photograph of the International Monetary Fund logo outside the Headquarters Building during the IMF/World Bank Spring Meeting in Washington (U.S.A.), April 20, 2018. REUTERS/Yuri Gripas

DAKAR (Reuters) – The International Monetary Fund (IMF) has approved $67 million emergency support for Equatorial Guinea to help it deal with the impact of the coronavirus pandemic and an explosion at a military base that destroyed much of its mainland city of Bata in March.

According to an IMF statement Thursday, financial aid requested by Central African states that depend on oil would be used to help them mitigate the impact of the shocks.

According to the IMF, “The Bata blasts and continuing COVID-19 epidemic have caused heavy economic and human damages in Equatorial Guinea.”

At least 105 victims were killed in an explosion that occurred at a Bata base in a military barracks.

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