TIWN
Washington, April 17 (TIWN) More than 100 countries have turned to the International Monetary Fund (IMF) for financial support to cope with the economic fallout from the COVID-19 coronavirus pandemic, the institution's managing Director has said.
"We meet during exceptional times. And exceptional times call for exceptional action," Kristalina Georgieva said following a virtual edition of the Fund's annual spring meeting on Tursday. "More than ever, we must work together to respond to this unprecedented crisis and prepare for recovery," she said. Of the 102 nations that have approached the IMF for help, 15 - including El Salvador, Ecuador, Madagascar, Rwanda and Togo - have already seen their applications approved, while Fund officials are expected to decide on dozens more applications by the end of April, reports Efe news.
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