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

Phil Thornton

May 07, 2020 01:30 pm

Kristalina Georgieva, David Malpass, World Bank, IMF, multilateral, development banks, Washington, LatAm — (200304) -- WASHINGTON, March 4, 2020 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva (L) and World Bank President David Malpass attend a press conference in Washington D.C., the United States, on March 4, 2020. The policy-setting body of the International Monetary Fund (IMF) on Wednesday pledged to provide necessary support to mitigate the economic and financial impact from the ongoing COVID-19 epidemic. (Xinhua/Liu Jie) | Liu Jie/Xinhua News Agency/PA Images

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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Phil Thornton