IMF chief says 62% of COVID-19 lending went to hard-hit Latin America

FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks during a closing news conference for the International Monetary Finance Committee (IMFC), during the IMF and World Bank’s 2019 Annual Meetings of finance ministers and bank governors, in Washington, U.S., October 19, 2019. REUTERS/Mike Theiler

WASHINGTON (Reuters) – Sixty-two percent of the International Monetary Fund’s lending in response to the coronavirus pandemic went to 21 countries in Latin America because the region was so hard hit, IMF Managing Director Kristalina Georgieva said on Tuesday.

Georgieva told a panel hosted by the Americas Society/Council of the Americas, that the Fund had plenty of lending firepower left, and would focus on helping countries in the region take the “turn towards a greener and digital and fairer economy.”

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