• Advertise
  • Contact
GFH News
Advertisement
  • Home
  • Economy
  • Politics
  • Others
    • Security
    • Health
    • Metro/General News
    • Crime
    • Law/Judiciary
    • Entertainment
  • Contact
No Result
View All Result
  • Home
  • Economy
  • Politics
  • Others
    • Security
    • Health
    • Metro/General News
    • Crime
    • Law/Judiciary
    • Entertainment
  • Contact
No Result
View All Result
GFH News
No Result
View All Result
Home Economy

COVID-19: IMF approves establishment of Short-term liquidity line for countries

gfhnews.com by gfhnews.com
April 16, 2020
in Economy
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The International Monetary Fund (IMF) has approved the establishment of a Short-term Liquidity Line (SLL) to further strengthen the global financial safety net as part of the Fund’s COVID-19 response.

Ms. Kristalina Georgieva, Managing Director of the IMF said this in a statement issued on Thursday.

Georgieva said the facility was a revolving and renewable backstop for member countries with very strong policies and fundamentals in need of short-term moderate balance of payments support.

She said in these cases, the Short-term Liquidity Line would provide revolving access of up to 145 per cent of quota.

“The Short-term Liquidity Line will strengthen further a country’s liquidity buffers and thus help in managing liquidity pressures.

“Complementing other instruments during the current crisis, the facility will fill a critical gap in the Fund’s toolkit and help to facilitate a more efficient allocation of resources.” she added.

Previous Post

Buratai charges troops on final onslaught on Boko Haram/ISWAP

Next Post

COVID-19: Gov. Bagudu orders strict enforcement of border closure

gfhnews.com

gfhnews.com

Next Post

COVID-19: Gov. Bagudu orders strict enforcement of border closure

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 79 Followers
  • 22.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Creative Industry Group honours Ovularia of ‘New Masquerade’

Creative Industry Group honours Ovularia of ‘New Masquerade’

December 6, 2020
Organic foods consumption will boost immunity, cure COVID-19 symptoms – Expert

Organic foods consumption will boost immunity, cure COVID-19 symptoms – Expert

January 22, 2021
Arrest me with proof that I plan instigating violence in Ebonyi — Egwu

Arrest me with proof that I plan instigating violence in Ebonyi — Egwu

November 28, 2020
Witness reveals roles played by Lt.-Col. Bello, Brig.-Gen. Omata at Lekki Tollgate shootings

Ilorin popular Prophet bags 4-yr jail term for dealing in human parts

December 14, 2020

My career at a crossroads – Aubameyang

2

Lady, 28, dumps my 65year-old brother at LUTH after stealing his millions – Sister

2

Court orders final forfeiture of N426.7m belonging to rtd. Army General

1

Mapoly 2007 Mass Comm graduates provide stimulus packages for colleagues

1
Court dismisses NJC’s objection on Justice Ajumogobia’s dismissal

Court orders final forfeiture of ex-Gov Yari’s money in Zenith, Polaris banks

January 26, 2021
Hisbah arrest 43 people, 14 HIV positive in Kano

Hisbah arrests organizers of sex party in Bauchi, says official

January 26, 2021
Police operatives rescue two persons from bandits in Kaduna

Police confirm release of kidnapped NIS spokesperson in Benin

January 26, 2021
Court dismisses NJC’s objection on Justice Ajumogobia’s dismissal

Ex-convicts to die by hanging for armed robbery in Ogun

January 26, 2021

Recent News

Court dismisses NJC’s objection on Justice Ajumogobia’s dismissal

Court orders final forfeiture of ex-Gov Yari’s money in Zenith, Polaris banks

January 26, 2021
Hisbah arrest 43 people, 14 HIV positive in Kano

Hisbah arrests organizers of sex party in Bauchi, says official

January 26, 2021
Police operatives rescue two persons from bandits in Kaduna

Police confirm release of kidnapped NIS spokesperson in Benin

January 26, 2021
Court dismisses NJC’s objection on Justice Ajumogobia’s dismissal

Ex-convicts to die by hanging for armed robbery in Ogun

January 26, 2021

GFH News is a Nigeria based online news platform that gives news on the go. Our team gather news from different sectors, locally and internationally, with fact checks.
Get the news as it breaks.

Browse by Category

  • Agriculture
  • Banking
  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Environment
  • FACT CHECK
  • Feature
  • Foreign
  • Health
  • Labour
  • Law/Judiciary
  • Metro/General News
  • Oil&gas
  • Politics
  • Religion
  • Science
  • Security
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • work

Recent News

Court dismisses NJC’s objection on Justice Ajumogobia’s dismissal

Court orders final forfeiture of ex-Gov Yari’s money in Zenith, Polaris banks

January 26, 2021
Hisbah arrest 43 people, 14 HIV positive in Kano

Hisbah arrests organizers of sex party in Bauchi, says official

January 26, 2021
  • Advertise
  • Contact

© 2020 GFH News

No Result
View All Result

© 2020 GFH News