$ 165 billion in debt from the IMF to 83 countries in 2020


$ 165 billion in debt from the IMF to 83 countries in 2020

The International Monetary Fund (IMF) provided financial support of $ 165 billion to 83 countries in the 2020 fiscal year.

The IMF has published its Annual Report for 2020 with the title ‘A Year Unlike Any Other’.

In the report, it was reminded that the global economy is facing a deep recession with the effect of the new type of coronavirus (Covid-19) epidemic.

Emphasizing that there is uncertainty regarding the economic outlook, the report stated that profound changes have been experienced in the lives of people from all over the world with economic recession, unemployment, climate change, technology and automation, the rise of digital currencies, increasing inequality and debt.

In the report, it was noted that the governments took ‘bold’ steps to support the economy against the effects of the epidemic, and that approximately $ 12 trillion financial and $ 7.5 trillion monetary action were implemented.

In the report, which also touches on the measures taken by the IMF against the crisis that the world is facing, it was informed that the IMF provided financial support of 165 billion dollars to 83 countries, including concessional financing of 16.1 billion dollars to 49 low-income countries in the 2020 fiscal year.

It was also stated in the report that the economic surveillance of 129 countries was completed.

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