IMF Launches $1bn Fund Raising For Poor Countries   The International Monetary Fund says it has launched a fund-raising exercise that will enable the Catastrophe Containment and Relief Trust to provide about $1bn for the current COVID-19 pandemic. The Managing Director, IMF, Kristalina Georgieva, in a statement,...

COVID-19: 80 Countries Seeking IMF’s Financial Assistance   The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has said the human costs of the coronavirus (COVID-19) pandemic are already immeasurable. She also disclosed that nearly 80 countries are requesting for its help. The IMF boss...

COVID-19: Expect Recession Worse Than 2008 Global Crisis – IMF   The International Monetary Fund has said the global economy will slide into a recession that is “at least as bad as during the global financial crisis or worse” this year on the back of the...

COVID-19: IMF Offers $50bn To Poor Countries   The International Monetary Fund says it is providing about $50bn through its rapid-disbursing emergency financing facilities for low income and emerging market countries that could potentially seek support. The Managing Director, IMF, Kristalina Georgieva, said this during the...

40% Of African Countries Are In Debt Crisis, IMF Says The Managing Director of the International Monetary Fund, Kristalina Georgieva, says 40 per cent of African countries are in debt distress. She described Africa as a continent of opportunities and one with many troubles, noting that...

Prolonged Low Rates Pose $19trn Default Risk Globally - IMF   The International Monetary Fund (IMF), has warned that while low rates are desirable for growth, prolonged periods of low rates, as seen in many advanced countries have negative side effects and unintended consequences. Warning that a...