Economists urge IMF to provide pandemic support

12th August 2020 (Last Updated August 12th, 2020 07:43)

12 August

Large populations, lack of access to healthcare facilities and poor public healthcare infrastructure have led to an increase in Covid-19 cases in emerging economies.

The impact of the pandemic in these economies is expected to last for a number of years.

A new support facility from the IMF may help in assisting emerging economies fulfill their financing needs.

Tony Addison, professor of economics at the University of Copenhagen, shared an article on how the International Monetary Fund (IMF) should create a new pandemic support facility for emerging countries impacted by the pandemic.

Emerging economies are some of the worst affected nations by the pandemic and expected to seek financing from the IMF as well as support for debt restructuring.

These economies are in need of financing to improve their public healthcare services and provide a social safety net to the most vulnerable.

An IMF support facility can help emerging countries with their financing needs, while providing options for more lenient repayment periods without disturbing already existing facilities.

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