The heads of the International Monetary Fund, European Stability Mechanism (ESM) and other regional financing arrangements on Tuesday agreed to work together to mitigate the economic and financial impacts of the coronavirus pandemic.
In a joint statement issued after a teleconference, the officials said they agreed to cooperate to facilitate cofinancing operations to address the needs of their members.
"We are determined to provide the necessary support to mitigate the economic and financial impacts of the pandemic, especially on the most vulnerable people and countries," they said in the statement. "These unprecedented circumstances require unprecedented actions."