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The International Monetary Fund increases its resources by $ 650 billion
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Today, the International Monetary Fund authorized an increase in its resources by $ 650 billion so that the International Lending Corporation can provide more support to vulnerable countries to combat the Corona pandemic.
The Director-General of the International Monetary Fund, Kristalina Georgieva, said that the increase in reserves by 650 billion dollars is the largest in the history of the International Monetary Fund.
She added that this step would provide much-needed reserves for poor countries suffering a deep recession due to the epidemic and the need to obtain and manage millions of doses of vaccines.
In the context, US Treasury Secretary Janet Yellen told the concerned IMF committee that the increase in private borrowing rights would provide "a much-needed boost to global reserves."
She added that it would be important for rich countries, which do not need additional resources, to provide this additional support to poor countries.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
Today, the International Monetary Fund authorized an increase in its resources by $ 650 billion so that the International Lending Corporation can provide more support to vulnerable countries to combat the Corona pandemic.
The Director-General of the International Monetary Fund, Kristalina Georgieva, said that the increase in reserves by 650 billion dollars is the largest in the history of the International Monetary Fund.
She added that this step would provide much-needed reserves for poor countries suffering a deep recession due to the epidemic and the need to obtain and manage millions of doses of vaccines.
In the context, US Treasury Secretary Janet Yellen told the concerned IMF committee that the increase in private borrowing rights would provide "a much-needed boost to global reserves."
She added that it would be important for rich countries, which do not need additional resources, to provide this additional support to poor countries.
[You must be registered and logged in to see this link.]
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