IMF Executive Board Approves Immediate Debt Relief for 25 Countries

(Justin Deschamps) The International Monetary Fund recently stated it would institute a coronavirus relief policy, totaling $500 million for debt relief. The relief is in the form of a grant, specifically to be used by nations that are having difficulty in paying their IMF debt obligations. This sounds good on the surface, but I would argue it is a token gesture that offers only short term help without addressing the grander issue of economic fallout due to the global pandemic. 

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