IMF, World Bank Face Deluge of Aid Requests From Developing World

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Coronavirus’s economic toll: More than 90 countries have inquired about bailouts from the IMF and at least 60 have turned to the World Bank

The two Washington-based finance institutions find themselves facing the greatest challenge since they were established as the heart of the international

monetary system at the 1944 Bretton Woods Conference. The IMF’s seminal mission was to safeguard global financial stability to prevent a repeat of the Great...

 

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World monetary fund is funded by petroleum dollars ? US currency supported a we are major oil producer

ChineseVirus

then Chinese Banks.

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