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Emerging Markets

Policy makers urged to build support for $1.4tr IMF liquidity injection

Kristalina Georgieva, David Malpass, World Bank, IMF, multilateral, development banks, Washington, LatAm

The International Monetary Fund should be given a green light to create almost $1.4tr of new liquidity by issuing more of its own currency to help emerging economies hit by Covid-19, according to a former IMF executive who now runs an influential think tank.

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