The IMF´s resources in the face of COVID-19 crisis

Artículo de revista

Detalhes bibliográficos
Autores: Garrido, Isabel, Serra, Xavier, Gallego, Sonsoles
Tipo de documento: artigo
Data de publicação:2021
País:España
Recursos:Banco de España
Repositório:Repositorio Institucional del Banco de España
OAI Identifier:oai:repositorio.bde.es:123456789/17254
Acesso em linha:https://repositorio.bde.es/handle/123456789/17254
Access Level:Acceso aberto
Palavra-chave:IMF
Resources
Concessional financing
COVID-19
International economy
Structural analysis
Public sector
Finanzas internacionales
Cooperación e integración monetarias
F3
F33
F34
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spelling The IMF´s resources in the face of COVID-19 crisisGarrido, IsabelSerra, XavierGallego, SonsolesIMFResourcesConcessional financingCOVID-19International economyStructural analysisPublic sectorFinanzas internacionalesCooperación e integración monetariasF3F33F34Artículo de revistaIn the year since the onset of the pandemic caused by COVID-19, the International Monetary Fund (IMF or the Fund) has granted loans and emergency financing to over 85 countries, an unprecedented number. In the past, a shock on this scale would have brought the issue of the sufficiency of its resources centre-stage. However, on this occasion, given the characteristics of the loans granted, the IMF’s general resources have not been excessively squeezed. Pressure has been greater on the concessional resources granted to low-income countries. Against this background, the IMF’s general and concessional resources have two different needs to contend with. In the case of the former, the IMF has the leeway to respond to any future increase in the demand for ordinary financing and, if necessary, it could activate its temporary resources. Conversely, in the case of the latter, it must ensure there are sufficient resources to avert stiffer concessional financing terms for the most vulnerable countries, in what is the most complicated economic juncture of recent decades. The IMF should obtain new borrowed resources as these countries progressively replace emergency assistance with conditional financing.Banco de EspañaMadrid : Banco de España, 20212021info:eu-repo/semantics/articleapplication/pdfhttps://repositorio.bde.es/handle/123456789/17254reponame:Repositorio Institucional del Banco de Españainstname:Banco de EspañaInglésEconomic Bulletin / Banco de España, 3/2021Versión en español 123456789/17255info:eu-repo/semantics/openAccessoai:repositorio.bde.es:123456789/172542026-06-20T12:44:27Z
dc.title.none.fl_str_mv The IMF´s resources in the face of COVID-19 crisis
title The IMF´s resources in the face of COVID-19 crisis
spellingShingle The IMF´s resources in the face of COVID-19 crisis
Garrido, Isabel
IMF
Resources
Concessional financing
COVID-19
International economy
Structural analysis
Public sector
Finanzas internacionales
Cooperación e integración monetarias
F3
F33
F34
title_short The IMF´s resources in the face of COVID-19 crisis
title_full The IMF´s resources in the face of COVID-19 crisis
title_fullStr The IMF´s resources in the face of COVID-19 crisis
title_full_unstemmed The IMF´s resources in the face of COVID-19 crisis
title_sort The IMF´s resources in the face of COVID-19 crisis
dc.creator.none.fl_str_mv Garrido, Isabel
Serra, Xavier
Gallego, Sonsoles
author Garrido, Isabel
author_facet Garrido, Isabel
Serra, Xavier
Gallego, Sonsoles
author_role author
author2 Serra, Xavier
Gallego, Sonsoles
author2_role author
author
dc.subject.none.fl_str_mv IMF
Resources
Concessional financing
COVID-19
International economy
Structural analysis
Public sector
Finanzas internacionales
Cooperación e integración monetarias
F3
F33
F34
topic IMF
Resources
Concessional financing
COVID-19
International economy
Structural analysis
Public sector
Finanzas internacionales
Cooperación e integración monetarias
F3
F33
F34
description Artículo de revista
publishDate 2021
dc.date.none.fl_str_mv 2021
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://repositorio.bde.es/handle/123456789/17254
url https://repositorio.bde.es/handle/123456789/17254
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Economic Bulletin / Banco de España, 3/2021
Versión en español 123456789/17255
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Banco de España
Madrid : Banco de España, 2021
publisher.none.fl_str_mv Banco de España
Madrid : Banco de España, 2021
dc.source.none.fl_str_mv reponame:Repositorio Institucional del Banco de España
instname:Banco de España
instname_str Banco de España
reponame_str Repositorio Institucional del Banco de España
collection Repositorio Institucional del Banco de España
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869410843954774016
score 15,300724

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