The International Monetary Fund has announced that it is ready to provide $ 1 trillion in loans to countries struggling to tackle the emerging Corona virus.
"The issue of coordinated and simultaneous global fiscal stimulus is getting stronger over time," said Kristalina Georgieva, fund manager, in today's publication.
The fund urged various governments to implement "reach out to the most affected people and companies" policies, including increased sick sick leave and targeted tax exemptions.
The fund indicated that there are about 40 arrangements currently in place to obtain loans worth about 200 billion dollars.
Global markets have been suffering for weeks from the spread of the Coruna virus, despite emergency measures taken in an attempt to stem the spread of spreading that is putting pressure on the productivity of the real economy.
With regard to the poorest countries, the IMF said it could intervene to provide loans immediately, "providing the necessary resources for health spending and control and containment efforts."
"Monetary Fund": are ready to provide trillion dollars in loans to meet Corona
2020-03-16T16:46:45.424Z
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"The issue of coordinated and simultaneous global fiscal stimulus becomes stronger over time," said Kristalina Georgieva, the fund's manager, in today's post.
Source: emara