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Tag Archives: financial resources

IMF Lending During the Pandemic and Beyond

By Robert Gregory, Huidan Lin, and Martin Mühleisen Português In the face of unprecedented uncertainty and the severe economic impact triggered by COVID-19, the Fund continues to adapt its lending. At the same time, it aims to ensure realistic targets, uphold the credibility of programs, and foster national ownership. To date, the Fund has provided financial assistance, mainly through emergency lending and precautionary lending tools, to about 80 countries. In addition, more than 30 countries...

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A Global Crisis Like No Other Needs a Global Response Like No Other

By Kristalina Georgieva عربي, Português I have been saying for a while that this is a “crisis like no other.” It is: More complex, with interlinked shocks to our health and our economies that have brought our way of life to an almost complete stop; More uncertain, as we are learning only gradually how to treat the novel virus, make containment most effective, and restart our economies; and Truly global. Pandemics don’t respect borders, neither do the economic shocks they...

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Chart of the Week Frontier Market Borrowing Binge

By IMFBlog Español, Português Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing: countries that don’t put the money to good use may have trouble servicing their loans and find themselves at risk of default. As the Chart of the Week shows, hard-currency bond sales by frontier issuers—countries such as Angola, Belarus, Ecuador, and...

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