Will Botswana join Africa's scramble for IMF loans?

Finance and Economic Development minister, Thapelo Matsheka PIC. THALEFANG CHARLES
Finance and Economic Development minister, Thapelo Matsheka PIC. THALEFANG CHARLES

The International Monetary Fund (IMF) has made available $100 billion in emergency funding to countries whose economies have been affected by the coronavirus and thus far, it says applications are pouring in, with at least 90 countries seeking help.

Although generally the names of applicants appear a shielded affair, numerous African states are known to have added their names to the list, with many already having their applications approved.

Thus far, countries ranging from Mozambique to Rwanda to Nigeria and Tunisia, have successfully applied for IMF relief, availed under a fast-tracked coronavirus initiative called Rapid Credit Facility. In total, according to information gathered by Mmegi, African states have successfully applied for $7.7 billion in the past two months.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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