World News

IMF Approves Immediate Debt Service Relief for 25 Eligible Low-Income Countries

April 16, 2020/IMF The Executive Board today approved relief on debt service for 25 member countries that are eligible for support from the Catastrophe Containment and Relief Trust (CCRT); a further 4 countries are expected to request such relief in the coming weeks. The approval enables the disbursement of grants […]

Exceptional Times, Exceptional Action

April 15, 2020/IMF Opening Remarks for Spring Meetings By Kristalina Georgieva, IMF Managing Director Introduction and Outlook Welcome to our virtual 2020 Spring Meetings! I would like to start by wishing you and your families my personal best—for your health and safety in these difficult times. I would also like […]

IMF, World Bank Endorse G20 Respond to Allow Poorest Countries Forbearance on Loan Repayment

April 15, 2020/IMF “We strongly welcome the decision of the G20 to respond to our call to allow the poorest countries of the world that request forbearance to suspend repayment of official bilateral credit on May 1st. This is a powerful, fast-acting initiative that will do much to safeguard the […]