IMF chief says over 20 countries seek aid, calls for coordinated spending - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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IMF Managing Director Kristalina Georgieva said over 20 additional countries have asked about receiving aid from the global lender as the coronavirus pandemic halts economic activity. sabcnews

The IMF chief issued her message shortly before a call with leaders of the G7 wealthy democracies, several of which are battling severe coronavirus outbreaks.Managing Director Kristalina Georgieva on Monday said over 20 additional countries have asked about receiving aid from the global lender as the coronavirus pandemic halts economic activity, and she called for strong, coordinated fiscal stimulus to limit the damage.

Some of the countries expressing an interest in IMF financing to deal with the crisis already have IMF loan programs, while others do not, an IMF spokesperson said, adding that these inquiries do not necessarily constitute formal requests. The fund currently has loan and financial backstop programs with about 40 countries valued at about $200 billion.

On the monetary policy front, she said central banks “should continue to support demand and boost confidence by easing financial conditions and ensuring the flow of credit to the real economy,” citing emergency actions by the US Federal Reserve and other central banks on Sunday as an example.

 

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It's a debt their will never be able to repay, then the IMF(Americans) own the whole world, makes you wonder if that wasn't the intention in the first place...

This evil organisation might be behind this virus to reap us off.

IMF shark 🦈 on alert to bite the vulnerable from another side.

Yes, but SA will have to adhere to IMF no looting rules so ANC will rather have us starve

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South Africa calls for travel bans due to coronavirus increases - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The number of South Africans calling for government to issue travel ban into South Africa from countries hardest-hit by the coronavirus (COVID-19) is growing. COVID-19 Government needs to limit public gatherings since we already have cases of domestic infections. Don’t take chances, see how the UK numbers are still on the rise and Boris is not acting. Learn from China, Italy, America, Scotland and England. I wonder why do we have to toytoy for travel ban Our leaders need to take some decisive decisions and stopped being 'ooMabena'.
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