IMF needs new tool to deal with pandemic – former officials

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The International Monetary Fund should urgently develop a new lending tool to help emerging market economies during the pandemic, two of its former officials argue.

The IMF’s current programmes emphasis on economic adjustment leave them  “ill equipped” to help EMEs deal with the pandemic’s impact, say Matthew Fisher, former deputy director of the IMF’s finance department, and Adnan Mazarei, ex-director of its Middle East and central Asia department, who outline an alternative policy.

They

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