IMF doubles emergency lending capacity

Kristalina Georgieva
Kristalina Georgieva
IMF Photo/Cory Hancock

The International Monetary Fund is doubling the funds available for emergency lending in response to the Covid-19 outbreak, managing director Kristalina Georgieva said today (April 9).

In a speech to mark the start of the IMF’s spring meetings, held virtually this year, Georgieva said the executive board had approved a doubling of emergency lending to $100 billion. The IMF has total lending capacity of around $1 trillion.

Several countries, including the Kyrgyz Republic, Rwanda, Madagascar

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