International Financial Management

Question 2 (a) The International Monetary Fund (IMF) has responded to the coronavirus crisis with unprecedented speed and magnitude of financial assistance to member countries, especially to protect the most vulnerable and set the stage for inclusive and sustainable recovery. According to IMF Managing Director Kristalina Georgieva in her speech mention "The global economy is on a firmer footing as millions of people benefit from vaccines. But while the recovery is underway, too many countries are falling behind and economic inequality is worsening. Strong policy action is needed to give everyone a fair a shot in the arm to end the pandemic everywhere, and a shot at a better future for vulnerable people and countries." In this trying time, the IMF continues to support countries on the path to recovery by providing policy advice, financial support, capacity development, and debt relief for the poorest. (Sourced by World Bank annual meeting Statement) Based on the statement above, discuss the types of fund that can provided by the IMF to support countries member during the crisis