IMF Support Surges to Record, With $700 Billion to Deploy
- ‘We’re here for you’ IMF’s Georgieva tells vulnerable nations
- Dangers of debt defaults are increasing as interest rates rise
Kristalina Georgieva speaks at a news conference during the annual meetings of the IMF and World Bank Group in Washington, DC, on Oct. 13.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
Financial support to nations by the International Monetary Fund has surged to a record this year and the crisis lender has about $700 billion available to deploy as recession risks rise, according to its chief.
Disbursements this year through Sept. 30 totaled 106.5 billion in special drawing rights, the equivalent of about $135.9 billion, according to data on the Washington-based lender’s website. That the most for any year on IMF records.