IMF ‘very concerned’ about negative outlook for global growth in 2020 – Times of Oman

IMF ‘very concerned’ about negative outlook for global growth in 2020 – Times of Oman

Washington: International Monetary Fund (IMF) chief said Tuesday that the multilateral lender remains "very concerned" about the negative outlook for global growth in 2020 and in particular about the strain a downturn would have on emerging markets and low-income countries.. The US Congress recently approved the doubling of the New Arrangements to Borrow (NAB) credit lines, and the Executive Board on Monday agreed on a new round of bilateral borrowing to secure the IMF's 1 trillion dollar lending capacity, Georgieva noted.. The IMF chief reiterated the importance to support low-income countries, noting that the Executive Board on Thursday approved a reform of the Catastrophe Containment and Relief Trust (CCRT) that allows poorest member countries to invest in crisis response rather than repay the Fund.".