Eurasian Development Bank issued the following announcement on June 9.
Employees of the Project Unit of the Eurasian Fund for Stabilization and Development, managed by the Eurasian Development Bank, took part in a seminar on the topic of the IMF toolkit, through which the institute responds to a pandemic. The seminar is organized for regional financial mechanisms (RFM) to develop a dialogue between the RFM and the IMF.
The IMF shared information on measures taken to assist shareholder states in combating the pandemic and its consequences, on the available tools for emergency response and the relationship of emergency measures with the “traditional” IMF programs, as well as on a new tool, the Short-Term Liquidity Support Line.
The RFM in a lively discussion format discussed the features of using the IMF tools and the possibilities for coordinating work. Such an exchange of information will make a positive contribution to improving the efficiency and cooperation of “anti-crisis financial institutions” in order to support the economies of their shareholders (founders).
Original source can be found here.