Expansion of reserves and lending policy tweaks are IMF priorities, managing director says

SourceThe National
SectorFinancial Services
CountryMiddle east

The International Monetary Fund will focus on expanding its reserves and tweaking lending policies to help mid- and low-income countries recover from the impact of the covid-19 pandemic, as the fund pushes for a greener future, digitalisation and inclusive growth, its managing director said. The Washington-based lender will look to develop capacities and “maintain the speed and force of its exceptional response” to help member states navigate a safe exit from the crisis and counter divergence risks, Kristalina Georgieva said on Wednesday, as she announced the IMF's global policy agenda, which outlines the fund's key priorities for the next six months. “With countries ...read more...