IMF announces $50 billion program for coronavirus relief

IMF announces $50 billion program for coronavirus relief

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International Monetary Fund Handling Director Kristalina Georgieva speaks all through the International Women’s Discussion board in the Gulf emirate of Dubai on February 16, 2020.

KARIM SAHIB | AFP by using Getty Pictures

IMF Managing Director Kristalina Georgieva introduced a $50 billion support deal Wednesday to assist combat the coronavirus. 

Georgieva reported on CNBC’s “Squawk Alley” that the revenue is offered “right away.”

Georgieva reported before Wednesday at an celebration in Washington, D.C. that, “We are confronted with a generalized weakening in desire, and that goes by self confidence and as a result of spillover channels, including trade and tourism, commodity costs, tightened economical disorders.

“They contact for an additional policy reaction to aid demand and make sure an satisfactory offer of credit score,” she additional.

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