IMF has $1 trillion war chest to fight COVID-19 crisis

GENEVA

The current coronavirus crisis is far graver than the global financial crisis a decade ago, but the IMF has a $1 trillion war chest ready to fight it, said the head of the International Monetary Fund on Friday.

“This is way worse than the global financial crisis and it is a crisis that requires us all to come together,” Kristalina Georgieva told more than 400 journalists at a virtual press conference hosted by the World Health Organization (WHO) at its Geneva headquarters.

“Emerging market and developing economies are particularly vulnerable – and this is a point that I want

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