IMF Says It Can Step in to Ease Economic Impact of Virus

IMF Says It Can Step in to Ease Economic Impact of Virus

© Reuters. © Reuters.

By Kim Khan

Investing.com – The International Monetary Fund said Monday it stands ready to help countries with the economic impact of Covid-19.

The IMF said it can help on several fronts.

Those include emergency financing through its Rapid Credit Facility and Rapid Financing Instrument, augmenting existing lending programs, grants for debt relief and new financing arrangements.

“Given the need to quickly redirect public resources, the IMF will remain closely engaged with the affected member countries and development partners, working as needed to reprioritize capacity development activities,” it said.

It added it is working closely with its development partners, the World Bank, World Health Organization and the Asian Development Bank.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Category Posts