Bloomberg, April 6 - Myanmar said it’s considering whether to tap emergency financing from multilateral lenders including the International Monetary Fund to cushion the blow of the coronavirus outbreak.
The government has held discussions with the IMF, World Bank, Asian Development Bank and others, Aung Naing Oo, secretary of the government panel set up to tackle the economic impact of the virus, said in an interview.
Multilateral lenders have pledged to mobilize huge amounts to help countries grappling with the damage caused by the pathogen. The IMF has said it’s ready to deploy all of its $1 trillion lending capacity, while the World Bank expects to make as much as $160 billion available over the next 15 months.
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