ISTANBUL

The International Monetary Found (IMF) is ready to use its financial capacity of $1 trillion for supporting its member countries against the COVID-19’s effects, according to a statement on Friday.

The global pandemic caused an economic and financial crisis in the world, said the statement, issued by the IMF and and International Monetary and Financial Committee jointly.

Saying that its member countries have taken measures to protect people and economy already, the press release underlined: “But more is needed. Priority should be afforded to targeted fiscal support to vulnerable households and businesses to accelerate and strengthen the recovery in

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