Ms. Kristalina Georgieva, Managing Director.....>

IMF: Ms. Kristalina Georgieva, Managing Director of the International Monetary

Fund (IMF), issued the following statement:

- "Today, our Executive Board approved the establishment of the Short-term

Liquidity Line (SLL) to further strengthen the global financial safety net as

part of the Fund's COVID-19 response. The facility is a revolving and renewable

backstop for member countries with very strong policies and fundamentals in need

of short-term moderate balance of payments support. In these cases, the

Short-term Liquidity Line will provide revolving access of up to 145 percent of

quota. The Short-term Liquidity Line will strengthen further a country's

liquidity buffers and thus help in managing liquidity pressures. Complementing

other instruments during the current crisis, the facility will fill a critical

gap in the Fund's toolkit and help to facilitate a more efficient allocation of

resources."