• IMF policy panel endorses $650 billion increase in resources

    3 days ago - By Stl Today

    WASHINGTON - The International Monetary Fund on Thursday authorized a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic.
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  • IMF policy panel endorses $650 billion increase in resources

    IMF policy panel endorses $650 billion increase in resources

    3 days ago - By Chron

    WASHINGTON - The International Monetary Fund on Thursday authorized a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic.
    IMF Managing Director Kristalina Georgieva said the $650 billion increase in reserves is the largest in IMF history. The move will provide badly needed reserves for poor countries struggling with deep recessions caused by the pandemic and the need to obtain and administer millions of doses of vaccines, she said.
    By comparison, to combat the...
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