Liquidity actions by central banks have created breathing room for many emerging markets to issue debt, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said during the Reuters Newsmaker Event on Friday.
Additional takeaways
“Fund has provided emergency financing to 72 countries in just over seven weeks.”
“Fund still has about 75% of its $1 trillion in lending capacity available.”
“IMF may get to the point where its resources are tested, but we are not there yet.”
Market reaction
These comments don’t seem to be having a significant impact on market sentiment. As of writing, Germany’s DAX 30 Index was up 0.45% on the day while the Euro Stoxx 50 was gaining 0.85%.
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