The International Monetary Fund (IMF) has decided to double emergency financial assistance to USD 100 million to countries to tackle consequences caused by the spread of coronavirus, according to the IMF press release, Liga.net reports.
Assistance will be allocated to more than 90 states. The Managing Director of the International Monetary Fund, Kristalina Georgieva, once again reminded of an unprecedented number of applications for Fund’s assistance.
The IMF predicts a deepest crisis since the Great Depression of 1929-1933. According to Georgieva, under the most optimistic scenario, only a partial recovery of the economy can be expected in 2021.
As The Journalist reported, IMF to allocate USD 1 trillion of reserve fund to combat COVID-19.