As a result, one of the primary responsibilities of this organization is to aid in the alleviation of economic stress in any of its member countries, particularly those in extreme straits. They accomplish this by disbursing loans and revising monetary policy.
The International Monetary Fund is a 189-member country organization that seeks to promote international monetary cooperation, ensure financial stability, ease trade between nations, encourage high employment and sustainable economic growth, and lessen poverty worldwide.
Below are 5 African countries which have received loans from the IMF since March, and the details of their arrangement with the financial institution.
