On Monday 5 April, the EU granted 141 million Special Drawing Rights (SDRs), equivalent to €170 million (US$199 million), to the International Monetary Fund’s Catastrophe Containment and Relief Trust (CCRT), the European Commission announced on Tuesday 6 April.
This disbursement is part of the overall EU contribution of €183 million to the CCRT, which was announced by the EU in November 2020 for debt relief for 29 low-income countries, to enable these countries to increase...