IMF likely to offer $4 bn loan to aid India’s covid response2 min read . Updated: 12 Apr 2020, 05:21 PM IST
- IMF board meets this week to consider a proposal of doubling emergency financing capacity
- The IMF has received over 90 emergency financing requests or expressions of interest as of 9 April
NEW DELHI : India could be offered $4 billion or more by the International Monetary Fund (IMF) to combat the covid-19 pandemic and partly cushion the impact on the country’s economic growth, two people familiar with the development said. The board of the multilateral funding agency last week approved doubling of its emergency financing capacity to $100 billion, and a part of that could come India’s way.
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