Show news feed

The International Monetary Fund (IMF) has approved $ 650 billion for the global economic recovery following the coronavirus pandemic, the organization said in a statement.

As noted on the IMF website, distributions will begin on August 23, special drawing rights will be available to all members of the fund in proportion to their quotas. About $ 275 billion is earmarked for emerging markets and low-income countries, the IMF said.

IMF chief Kristalina Georgieva called the decision "historic" and an inoculation for the global economy during an unprecedented crisis, the press release said.

This text available in   Հայերեն and Русский