The International Monetary Fund (IMF) on Monday March 22 made another bid to throw its lot in to respond to the global coronavirus pandemic when its executive board approved further extensions to already temporary adjustments which it had made to its lending frameworks during the early months of the pandemic. This had been done in order to allow for adequate access by hard-hit countries to Fund financing through emergency instruments, namely the General Resources Account (GRA), and the Poverty Reduction and Growth Trust (PRGT). The Fund said in a release after the executive board had made its decision that the measures “reflect the unique circumstances created by the pandemic.”
