IMF, ESM and other agencies agreed to cooperate to mitigate the economic impact
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The heads of the International Monetary Fund, the European stability mechanism and other regional financing arrangements agreed on Tuesday to work together to mitigate the economic and financial impact of the new crown.
In a joint statement after the conference call, officials said they agreed to cooperate to facilitate co financing operations to meet the needs of Member States.
"We have decided to provide the necessary support to mitigate the economic and financial impact of the epidemic, especially on the most vulnerable people and countries," they said in a statement. "These unprecedented situations require unprecedented action."
In addition to exchanging information on the needs of Member States, the agencies said they would try to provide coordinated assistance around the world.
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