World

IMF, World Bank say “ready to help” member countries address COVID-19

Xinhua | Updated: 2020-03-03 01:33

Poeple ware masks to prevent the spread of the new coronavirus in Bangkok, Thailand January 28, 2020. [Photo\Agencies]

WASHINGTON — The International Monetary Fund (IMF) and the World Bank Group “stand ready to help our member countries” address the human tragedy and economic challenge posed by the COVID-19 virus, the two multilateral institutions said in a joint statement Monday.

“We are engaged actively with international institutions and country authorities, with special attention to poor countries where health systems are the weakest and people are most vulnerable,” the statement read.

“We will use our available instruments to the fullest extent possible, including emergency financing, policy advice, and technical assistance,” the statement read. “In particular, we have rapid financing facilities that, collectively, can help countries respond to a wide range of needs.”

The two multilateral institutions noted that international cooperation is “essential” to deal with the health and economic impact of the COVID-19 virus.

Related posts

Malta to relocate migrants on German rescue ship

epoekie

San Francisco bus driver assaulted with bat over mask order

epoekie

US bid to bring Taiwan to WHO table ‘will backfire’

epoekie

FDA approves emergency use of remdesivir for COVID-19 patients

epoekie

US and AT&T discuss conditions for approval of Time Warner deal

epoekie

US politicians’ letter on China’s alleged ‘press controls’ typical of Washington’s double standard

epoekie

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More