Public Management

IMF disburses $50bln for anti-coronavirus fight

Friday, 06 March 2020 14:22
IMF disburses $50bln for anti-coronavirus fight

(Ecofin Agency) - The International Monetary Fund (IMF) announced the disbursement of $50 billion to help counter the current coronavirus crisis. The announcement was made on March 4 by the institution’s MD, Kristalina Georgieva (pictured), during a press conference.

The initiative includes emergency financing facilities for the IMF's partner countries. According to Kristalina Georgieva, nearly $10 billion is available at zero interest for the poorest countries through a fast-track credit facility. The remaining $40 billion of the funding, could be disbursed through the fast-track financing facility targeting emerging countries that may seek IMF’s assistance in dealing with the epidemic.

The announcement comes at a time when covid-19 is spreading rapidly across all continents, with nearly 96,000 cases, 3284 deaths and 84 countries and territories affected. According to IMF, this situation is expected to have a major impact on the world economy, which is still trying to recover from the trade tensions of 2019.

“Whatever the scenario, global growth in 2020 will be below last year's level. The extent and duration of this decline are difficult to predict and depend on the epidemic, and also on how quickly and effectively we act,” said Kristalina Georgieva.

The World Bank has also announced a financial contribution to the fight against the virus. $12 billion will be granted by the institution to developing countries to address the health and economic consequences of the coronavirus.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.