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Vol 62 No 16

Published 5th August 2021

Funding boost needed to bridge two-track recovery

Multilaterals change rules to boost loans to Africa, to startclosing a $425 billion finance gap

Africa will be the main beneficiary of a new plan by the International Monetary Fund to boost cheap loans for countries hardest hit by the pandemic in what officials hope will be a key step to meet the continent's external funding needs of US$425 billion over the next five years. It will give the IMF a growing role in African economies as some other sources of finance are level or falling.

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