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The International Monetary Fund (IMF) emphasized that the world economy faces a deep crisis due to the pandemic in its 2020 report, published under the title “A unique year.
In her annual report message, IMF President Kristalina Georgieva shared the information that governments around the world have announced a financial package of approximately $ 12 trillion and a monetary package of $ 7.5 trillion against the effects. negatives of the pandemic.
The report repeated the emphasis that the world had the greatest crisis after the Great Depression in the 1930s.
Kristalima Georgieva, President of the International Monetary Fund (IMF)
IMF CREDITS EXCEED 100 BILLION DOLLARS
Stating that the IMF’s financial support to member countries exceeded $ 100 billion during the pandemic period, Georgieva claimed that they also did a debt refinancing to badly needed low-income member countries.
The report wrote that the IMF provided $ 165 billion of financial support to 83 countries and the debts of 29 countries were postponed.
Emphasizing that the global economic outlook remains uncertain despite all this, the IMF president affirmed that the next period will include uncertainties, difficulties and ups and downs, and that there may be setbacks.
Stating that they have a loan capacity of $ 1 trillion and are ready to help more than 190 member countries, the IMF president noted that they also addressed debt sustainability, governance, corruption, social spending, technology finance, digital currencies and climate change in the report.
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