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Order to help the global economy recover from the international effect of Covid-nine years, the Intercontinental Economic Fund IMF has been developed to stabilize the international market segments at a time exactly like that. With the worst overall economy since the great major depression, the IMF has brought unprecedented activity by providing approximately $ 100 million to $ 1 billion of the funds dollar company for countries needing assistance.
"The IMF can backsupportbelt.us be very loud and similar to the situation," IMF Managing Director Kristalina Georgieva stated recently. "Embracing our members, we say 'spend, but keep your receipts. AT "
These initial loan options torque experienced related post and served as lifeline for the country in free fall. But because lingered pandemic, much needed extra cash. C. R., for example, had to apply for another loan. This alsotime, the IMF has requested an exchange, C. R. improve the income tax and sell some assets Express. Unions countries balk. Earlier this year the engaged demonstrators in the streets for weeks.
"The demonstrations were so great that the federal government had to end this suggestion," said Patricia Miranda, supervisor LATINDADD advocacy at the Circle of Latin American economic sociable and legal rights. "[The IMF] and just postponing postponing the challenge for 2 decades or two or three decades. They are not, however, receive the resolute challenge. "
There are also events to IMF austerity measures in Ecuador. Miranda says Latin America has little say rolling in his situation which is IMF reassures COVID-19 now slipping into reverse right in strong economic opening that took a long time to be effective by itself beyond.
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