WASHINGTON, Sept 29 — It is “vital” for International Monetary Fund shareholders to increase quota-based lending resources this year to deal with growing global economic...
WASHINGTON, Sept 29 — It is “vital” for International Monetary Fund shareholders to increase quota-based lending resources this year to deal with growing global economic shocks, IMF spokesperson Julie Kozack said on Thursday.
“To make the global economy stronger and more resilient in the shock prone world that we are facing, it is vital to reach an agreement to increase the IMF quota resources before the end of the year,” Kozack said. With the Dec. 15 deadline fast approaching and countries still struggling with the aftermath of Covid-19, spillovers from Russia’s war in Ukraine and climate shocks, the negotiations have taken on more urgency.
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