IMF: global fiscal support to fight COVID-19 pandemic hits $9tr

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THE global governments support for the war against COVID-19 now stands at a about $9 trillion, $1 trillion more than the figure it released just over a month ago, the International Monetary Fund (IMF) has said

THE global governments support for the war against COVID-19 now stands at a about $9 trillion, $1 trillion more than the figure it released just over a month ago, the International Monetary Fund has said

IMF in its global fiscal monitor said that the upward revision was largely because of a second wave of measures by governments as the economic fallout from the pandemic proves more severe.

 

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