IMF staff warn ‘exceptional’ demand for funds likely to continue

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David Malpass

David Malpass: debt relief remains “too shallow”

Staff at the International Monetary Fund warn the next few months could see “significant” further demand for emergency funding facilities.

Executive directors agreed to extend raised limits on borrowing for the poorest countries for a further six months, an action recommended by IMF staff. Directors also agreed to continue debt service relief for 28 countries.

“Exceptional demand for fund financing is expected to persist well into 2021,” staff say in a report published on October 5. “For many

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