Dozens of poorer nations seek IMF help amid coronavirus crisis
The IMF has officially forecasted that 2020 will be an year with a negative growth. This has caused a number of weaker sovereigns to reach out for financial assistance by the Fund. The recession of 2020 is likely to cause severe disruptions in both tax incomes and foreign currency balances for number of small counties. Thus far 50 low income countries and 31 middle income countries have been seeking to enter in negotiations with the IMF to discuss possible assistance packages. Deriveum is to provide certainty to investors, much needed cash for sovereigns and competitive advantage to the smaller financial institutions. Deriveum can be part of the mix that will get the global economy back on track to growth following the recession.
Please check the Guardian article for further details
