Half of the World Has Asked the IMF for a Bailout, Chief Says

“This is an emergency like no other. It is not because of bad governors or mistakes,” the IMF’s Kristalina Georgieva told CNBC’s Sara Eisen.

by Fred Imbert
CNBC.com

The global economic downturn has been so severe that already half of the world has asked the International Monetary Fund for a bailout, the organization’s chief said Wednesday.

“This is an emergency like no other. It is not because of bad governors or mistakes,” Kristalina Georgieva told CNBC’s Sara Eisen on CNBC’s “Squawk Alley.” “For that reason, we are providing funding very quickly.”

“We are asking for one thing only: Please pay your doctors and nurses, make sure that your health [care] systems are functioning, and that vulnerable people and first responders are protected,” Georgieva said.

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