COVID-19: The Response of the International Financial Institutions and Some Considerations for Sovereign Debt Management Officers
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In their efforts to finance the fight against the COVID-19 pandemic, countries around the world have sought both funding and information from, among other sources, the international financial institutions (IFIs). Many of the IFIs already have or are in the process of introducing lending facilities targeted to helping countries mitigate the effects of the pandemic. The International Monetary Fund and The World Bank Group, in consultation with the World Health Organization, have facilities available for their 189 member countries, while the regional development banks, such as the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, the African Development Bank, and similar institutions, are offering financial assistance for countries in their respective regions. In that connection, this Advisory provides descriptions of some of the wide array of facilities IFIs are offering, followed by links to the sites of these IFIs which provide more information about the facilities, eligibility and access.
© Arnold & Porter Kaye Scholer LLP 2020 All Rights Reserved. This Advisory is intended to be a general summary of the law and does not constitute legal advice. You should consult with counsel to determine applicable legal requirements in a specific fact situation.