A possible IMF Pandemic Support Facility for emerging-market countries

Matthew Fisher () and Adnan Mazarei
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Matthew Fisher: former International Monetary Fund

No PB20-11, Policy Briefs from Peterson Institute for International Economics

Abstract: As the International Monetary Fund (IMF) adapts its strategy to meet the challenges of the COVID-19 crisis, it should develop a new temporary lending instrument to assist emerging-market countries facing pandemic-related fiscal and balance of payments difficulties. A dedicated IMF Pandemic Support Facility would help meet the exceptional financing needs of emerging-market countries at a time of high uncertainty while providing more lenient repayment periods and also allow the Fund to be more flexible in its operations with minimum disruptions to its existing facilities.

Date: 2020-07
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