IMF chief Kristalina Georgieva praised on Thursday Japan's plans to spend about 20 percent of its gross domestic product in response to the economic challenges of the COVID-19 pandemic and to help the world's poorest countries, urging others to do their part.
Japan, the world's third largest economy behind the United States and China, was the largest contributor to IMF financial resources and the largest contributor to the fund’s concessional lending facilities, Georgieva said in a statement.
"While it has the clear intention to support the Japanese economy, Japan will also underpin the stability of the global economy through contributions to the International Monetary Fund’s resources for the provision of debt relief and concessional financing to low-income countries," she said.