IMF makes $50 billion available to fight coronavirus
Kristalina Georgieva calls on IMF members to “fully recharge” catastrophe fund
The International Monetary Fund has made available $50 billion of funding to help some countries tackle the impact of the coronavirus, it announced on March 4.
Low-income economies will have $10 billion made available. They will not need to have a full IMF programme to access the funds, the IMF announced. Other emerging market economies can approach the IMF for financing from the remaining $40 billion through the Rapid Financing Instrument.
The instrument was launched in 2011 to provide quick
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