Emergency Financing Support from IMF to 72 Countries

There were big fluctuations in the global economy due to the coronavirus outbreak. In this context, emergency funding support came to 72 countries from the IMF. International Monetary Fund (IMF) President Kristalina Georgieva made statements regarding the support provided. Georgieva announced that 72 countries have been given emergency funding support in the last 7 weeks against the economic effects of the epidemic. The IMF President, who attended a video conference event, evaluated the impact of the coronavirus, which originated in Wuhan, China, and spread to more than 200 countries, on the global economy. Pointing out that the economic crisis caused by the epidemic could test the sources of the IMF, Kristalina Georgieva stated that the fund has not reached yet, and that the fund currently has 1 trillion dollar credit capacity. "We have provided urgent financing to 72 countries in the past 7 weeks," Georgieva said, adding that the steps taken by central banks to provide liquidity have slightly reduced the debts of many developing economies.