Heads of the International Monetary Fund and World Bank have announced the countries have agreed to suspend repayment of official bilateral credit starting on May 1

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World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva joint statement.

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Also, Georgieva said the IMF lending is facing huge demand

  • 102 of the IMF's 189 member countries are seeking assistance from the organisation
  • IMF prepared to commit its full $US1 trillion in lending capacity to meet the demand