It would allow the IMF to help Ukraine and other countries hit hard by Russia’s war in Ukraine without imposing conditions required in a regular fund program, said the sources, who asked not to be named since the matter is still under review. The size and scope of the measures was not yet clear.
The Washington-based lender projected in July that inflation will reach 6.6% in advanced economies this year, and 9.5% in emerging market and developing economies, posing a “clear risk”to current and future macroeconomic stability. An IMF spokesperson last week told Reuters the global lender”continues to closely engage with the Ukrainian authorities and is currently exploring all feasible options to provide further support to Ukraine in these challenging circumstances.”
Another way of milking the African countries dry
Looking for ways? That is a beautiful way to say doing nothing.