The International Monetary Fund has urged governments to ensure that their people do not have to battle severe economic impacts of coronavirus.
The IMF also reminded governments that it has $50 billion available in rapid-disbursing emergency financing to help countries suffering from the virus.
“What we want is to guarantee that people are not going to die because of a lack of money,” a statement from the IMF added, quoting IMF Managing Director Kristalina Georgieva.
“Those who are hit the hardest should not go bankrupt and lose their livelihood through no fault of their own,” said IMF guidelines released in Washington.
“A family-operated restaurant in a tourism-reliant country, or the employees of a factory shut down because of a local quarantine will need support to weather the crisis.”
Read more here
