IMF, World Bank funds ready to fight coronavirus outbreak

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WASHINGTON: The International Monetary Fund and World Bank are ready to provide countries in need with immediate emergency funding to fight the ...

No country has yet asked the World Bank or International Monetary Fund for financial assistance to fight the coronavirus outbreak that began in China. AFP/STRWASHINGTON: The International Monetary Fund and World Bank are ready to provide countries in need with immediate emergency funding to fight the coronavirus outbreak, a spokesman said on Thursday .

"We have various financial instruments that could be used to support countries with balance of payment problems that arise from epidemics or natural disasters," Rice said, noting that the lenders rapidly deployed funds during the Ebola epidemic. The fund and the World Bank expect to make a decision soon on whether to hold their spring meetings in Washington.Thousands of people attend the twice-yearly gatherings, which attract activists, economists and investors as well as officials and reporters.

 

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