More than 80 countries has sent to the international monetary Fund (IMF) requests for assistance to combat pandemic coronavirus
ruskpp / DepositPhotos IMF chief Kristalina Georgieva
IMF Photo/Cory Hancock / Flickr
More than 80 countries has sent to the international monetary Fund (IMF) requests for assistance to combat pandemic coronavirus. As told journalists the representative of the Fund, the total amount of requested funds exceeds $20 billion. His words leads TASS.
“Now we have more than 80 requests for such emergency funding. From the point of view of volumes is, I think, about $20 billion over $20 billion,” – said the IMF representative. A significant portion of the requests came from countries with low income, small countries and countries with emerging economies.
Inside the IMF have already studied at least half of these requests, and over time they will be submitted to the Executive Council of the organization. What country asked for help, not specified.
the IMF Representative said that the joint session of the IMF and the world Bank will also be obsuzhdalisI initiative on suspension of payments on debt servicing due to the coronavirus. He noted that the proposal requires detailed clarification and does not mean debt forgiveness.
IMF chief Kristalina Georgieva has described the situation as “extraordinary surge” of requests. “Usually we never have more than a few requests at a time,” said Georgieva after a telephone conference of the International monetary and financial Committee. It was quoted by “Kommersant”. “Our Executive Board approved the first of these emergency requests to the Kyrgyz Republic – a record of rapid disbursement of funds”, – said the head of the IMF.
on March 26, the G20 held a summit during which he announced his intention to pour more than $5 trillion into the world economy “through targeted fiscal policies, economic measures and guarantee schemes to combat social, economic and financial consequences of a pandemic”.
in addition, States the “group of twenty” will coordinate measures in the economic sphere, taken to counter the effects of the pandemic coronavirus, and “use all available policy instruments to minimize the economic and social impact of the pandemic, to restore global growth, support the stability of the market”.
Russian President Vladimir Putin proposed for the period of the pandemic coronavirus to impose a moratorium on sanctions in respect of goods of the first necessity. According to him, the G20 countries need a common plan to support economies, to stabilize the situation and restore confidence in global markets in the spread of the coronavirus. A major role in raising global demand to play the national economy.
in addition, the President of the Russian Federation proposed to establish under the auspices of the International monetary Fund (IMF), the special Fund that will be financed by the Central Banks and will go on offering borrowing at a zero rate for the implementation of measures to combat coronavirus.
