The International Monetary Fund allocates one trillion dollars to prevent the collapse of the global economy because of Corona

by **RamblerNash** Mon Mar 16, 2020 8:52 pm

03/16 2020 15:43:52

{International: Al Furat News} The International Monetary Fund’s Director-General, Kristalina Georgieva, today called on governments to take additional financial incentive measures to prevent the threat of the emergence of the emerging Corona virus from causing long-term economic damage.

In a message posted on the International Monetary Fund website, Georgieva said that the global lending bank has received requests from about 20 countries to finance programs and will follow up on them in the coming days.

She stressed that the International Monetary Fund is ready to give a trillion dollars from the treasury to lend and assist the 189 member states around the world.

"As the virus spreads, the need for a coordinated and simultaneous global financial incentive increases over time," according to Reuters.

On the monetary policy front, Georgieva said central banks "must continue to support demand and boost confidence by easing financial conditions and ensuring credit flow into the real economy."

According to the latest statistic, on Monday, the total number of Corona virus infections worldwide exceeded 170,000, while deaths due to the same virus exceeded 6500 deaths, and recovery cases reached more than 77,700 cases, while China remains at the top of the countries that suffer most from the disease, followed by Italy and Iran

Ali Al-Rubaie finished

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