IMF doubles emergency lending capacity
Fund considering other options including SDR issuance, says Kristalina Georgieva
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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