IMF calls on member states to expand aid to developing nations fighting Covid-19
28 January 2021 - 18:50
Washington — International Monetary Fund (IMF) MD Kristalina Georgieva called on its members to increase assistance to poor countries to deal with the Covid-19 pandemic, saying that economic growth will be restrained until the virus is brought under control everywhere.
IMF members should look for ways to further expand concessional lending to help low-income nations speed vaccination, said Georgieva. That means both steering existing reserve assets called special drawing rights, known as SDRs, to those nations, and exploring a new issuance of the assets, she said...
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