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IMF's Georgieva says more funds needed to expand concessional loans to poor countries

IMF's Georgieva says more funds needed to expand concessional loans to poor countries

10/31/2020 2:00:00 AM

IMF 's Georgieva says more funds needed to expand concessional loans to poor countries

International Monetary Fund Managing Director Kristalina Georgieva said on Friday that IMF member countries will need to make more contributions to concessional lending for poor countries if the Fund is to expand these efforts.

“To keep the terms as concessional as they have been...and to keep repayment at the longer 10-year maturity that we have for low-income countries, we need to get from our members what we call subsidies resources and that is our next call into the membership,” Georgieva said. “I expect a positive response, but that is our next campaign.”

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Yes, have to ensure the markets have proper liquidity, unfortunately, DFIs have not met their own metrics, without adequate liquidity, markets will be crippled for years to come. Aswear Naija Go Kuku Dey that poor Countries List no shit sherlock

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