IMF Says Global Financial Safety Net To Remain Until Pandemic Ends
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The International Monetary Fund has said the continued use of the global financial safety net will need to be kept in place until the global pandemic crisis comes to an...
show moreThe global financial safety net is a set of institutions and mechanisms that provide insurance against crises and financing to mitigate their impact and this safety net has four main layers.
The layers, according to the IMF, include countries’ own international reserves; bilateral swap arrangements whereby central banks exchange currencies to provide liquidity to financial markets; regional financial arrangements by which countries pool resources to leverage financing in a crisis; and the IMF.
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