IMF forecasts 10% contraction in 2020

The International Monetary Fund (IMF)  is ready to mobilize its $1 trillion lending capacity to help nations counter the coronavirus…

Assuming new issuances of EUR4bn, a pick-up in outstanding T-bills raising the stock back to EUR12.5bn and a Covid-19 fiscal cost of EUR12bn, the state coffers could end 2020 with approximately EUR30bn, providing ample resources for weathering the crisis.

The International Monetary Fund (IMF) is focusing on the support measures taken, both at a government and banking field, and…