Countries have taken fiscal measures and central banks together injected a total of whopping USD 14 trillion as part of their efforts to mitigate the challenges posed by the novel coronavirus pandemic, the International Monetary Fund has said.
"The IMF's policy tracker shows that fiscal measures so far have amounted to about USD 8 trillion and liquidity injections by central banks amounting to over USD 6 trillion," Lesetja Kganyago, chairman for the International Monetary and Financial Committee (IMFC), told reporters during a news conference on Friday. "However, we all agreed, exchange rate and liquidity pressures remain important challenges."
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