- IMF's Managing Director Georgieva: IMF stands ready to mobilize $1 trillion in lending capacity to fight virus
Market news
16 March 2020
IMF's Managing Director Georgieva: IMF stands ready to mobilize $1 trillion in lending capacity to fight virus
- As virus spreads, case for coordinated and synchronized global fiscal stimulus is becoming stronger by hour
- Additional stimulus will be necessary to prevent long-lasting economic damage
- Has received interest from about 20 more countries for ongoing loan programs, in addition to 40 existing programs
- Central bank swap lines to emerging markets may be needed
- FX interventions and capital flow management measures can usefully complement other monetary policy actions
- Banks should use capital and liquidity buffers
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