The International Monetary Fund’s (IMF’s) ability to mobilise emergency financing for the countries most in need during the Covd-19 crisis has been applauded, even by some of its toughest critics. The widespread economic shock of the pandemic has seen 102 countries approach the fund with critical financing needs for medical supplies, as well as to safeguard livelihoods.
“The fund was good at quickly getting liquidity out the door, which was clearly an appropriate response,” says Mark Sobel, US chairman of the Official Monetary and Financial Institutions Forum, and former US representative to the IMF.
