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IMF is Playing ‘Catch Me if You Can’ on Emergency Assistance

Expand International Monetary Fund headquarters, seen during IMF-World Bank annual meeting in Washington, DC, on October 18, 2019. © 2019 Yuri Gripas / Sipa via AP Images The International Monetary Fund (IMF) has responded to the collapse of the global economy from the Covid-19 pandemic with an unprecedented speed and scale of spending. Since March 26, it has approved over US$8 billion in emergency assistance and debt relief to 41 countries, and committed to spend up to $1 trillion. But despite promises to curb government mismanagement and corruption, the Fund hasn’t stepped up. IMF assistance…

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