IMF speaks of first record in 75 years

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According to the head of the fund, the situation is now much worse during the 2008-2009 global crisis

Never before: The IMF spoke of the first record in 75 years. Photo: emerging- europe.com

The International Monetary Fund (IMF) announced its readiness to use the entire reserve fund of $ 1 trillion to help it overcome the crisis, noting a record number of applications for financial aid. Has been reported Economic reality With reference to the statement of the fund’s managing director Kristalina Georgieva.


Kristalina Georgieva

He said that developing countries are suffering more from the effects of the coronovirus epidemic due to lack of resources. According to Georgieva, during the 2008–2009 crisis, the situation was better.


Kristalina Georgieva

Earlier, Ukraine, in negotiations with the International Monetary Fund, agreed to a revenue and deficit framework for the updated state budget for 2020 and expected to receive $ 5 billion from the fund in the state budget to finance the deficit. Does.

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Earlier, Kristalina Georgieva, during her speech at the Peterson Institute of World Economy, predicted that the world economy could return to the 1920 Great Depression era due to general inequality and instability of the financial sector.

Read: In Kiev – 500 thousand people on leave at their own expense: how the government plans to help


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