IMF Needs More Money If Virus Sees New Wave: Georgieva

Apr.09 — The International Monetary Fund will need to boost its resources if the coronavirus pandemic develops into a second wave of infections, Managing Director Kristalina Georgieva says. The fund is looking at the use of precautionary credit lines to get cash to countries and establishing short-term loans, as well other funding options like the use of reserve assets called special drawing rights, or SDRs, Georgieva said in an interview with Tom Keene on “Bloomberg The Open.”

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