IMF chief says over 20 countries seek aid, calls for coordinated spending

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WASHINGTON: IMF Managing Director Kristalina Georgieva on Monday said over 20 additional countries have asked about receiving aid from the global lender as the coronavirus pandemic halts economic activity, and she called for strong, coordinated fiscal stimulus to limit the damage. In a blog post on the International Monetary Fund’s website, Georgieva said the IMF was ready to mobilize its full $1 trillion lending capacity to help member countries deal with the crisis.

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