51. A possible IMF Pandemic Support Facility for emerging-market countries
- Author:
- Matthew Fisher and Adnan Mazarei
- Publication Date:
- 07-2020
- Content Type:
- Policy Brief
- Institution:
- 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.
- Topic:
- Emerging Markets, International Monetary Fund, Financial Crisis, and COVID-19
- Political Geography:
- Global Focus