More than 90 countries request IMF bailout

More than 90 countries have requested bailouts from the IMF, which has collected trillions of dollars from donors.
Al Jazeera's Alan Fisher looks at where the money is coming from and whether the borrowing countries will have the ability to repay it.

#AlJazeeraEnglish #Coronavirus #IMF

[claudiafalza]

We all know IMF is cashing out on this, the loan is not free, they come with lots of demands of economic policies to exclusive contracts etc. And also high enough interest.

[ossie]

I suggest everyone read "Adults In The Room" by Yanis Varoufakis for a terrific look at "loans" and power!

[bcp]

china should pay for this health crisis

[Abraham_Tsfaye]

It’s 3 months and some countries are at great distress. Something is greatly wrong. I always save my money so when something is wrong I have reserve???

[gerardomoscatelli]

"The IMF has put together a 9 trillon dollar pot" "This is where the money has been distributed : Egypt $2.7 bn, $411 mln to Ethiopia, $361 mln to Bosnia" Where is the rest of the money?

[robertskolimowski]

Wow, a bit of an eye-opener for me, 6:01, so how does that not paying your debt business work actually?🤔

[mr.smoothchild]

Even though the US dollar is at this point being devalued, where it would eventually lose its status as the world reserve currency. Spending trillions already on its own corporations, government organizations, military supplies, medical research, citizens pay cheque, disaster relief, American banks and everyone else etc. They are spending hundreds of billion of dollars on aid packages. The US debt calculator can not be at 25 Trillion dollars it has to be exceedingly higher. At this point, we are already cashless. Mere numbers on a computer. When Lebanon asked for aid, they were told sell their resources to Western corporations. Plundering nations 2.0.

[aeringossett]

In disbelief that we are printing money yet give it away to other countries. SMDH

[AdamSahr-cjkf]

The IMF is an instrument for enslavement...

[stalinsalazar]

I'm proud of Turkey for refusing to be pressured into an IMF loan.... Turkey is an example that is worthy but yet are not given any credit

[EmanuelMonte]

Now IMF, USA and Arabic allies are craying like children. what happen in Saudi Araiba, Bahrain, UAE???

[alexisgateley]

Turkey will go begging to the IMF also soon, the Qatari money given to the beggars will not suffice.

[harrymanwel]

I don't believe any news I see on your news platforms.