COVID19 Economy

IMF urges ‘equity-like’ government support for virus-hit firms

By Administrator_India Capital Sands   International Monetary Fund Chief Economist Gita Gopinath urged governments to shift to “equity-like” support from one focused on loans as the coronavirus pandemic inflicts prolonged damage on companies. Gopinath said the massive scale of the shock meant more firms will become insolvent as they suffer lower revenues for many months. […]