IMF forecasts 10% contraction in 2020

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 ready to mobilize its $1 trillion lending capacity to help nations counter the coronavirus…

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