IMF ADDS LIQUIDITY LINE TO STRENGTHEN COVID-19 RESPONSE

In a crisis like the COVID-19 pandemic, even healthy economies might need quick access to credit. For example, investors have abruptly pulled their money out of many emerging market economies.

Today the IMF Executive Board approved a new type of financing called a Short-term Liquidity Line that countries with very strong economic fundamentals can access to help contain the damage to their economies.

It’s a predictable, revolving, and renewable line of credit that fills a critical gap in the global financial safety net. http://ow.ly/NYg950zfpBO