The IMF has announced a significant $20 billion debt relief for Argentina, its largest debtor, to support President Javier Milei's economic reforms. The ongoing Spring Meetings highlight global economic uncertainties, particularly due to potential shifts in U.S. policy towards the IMF and World Bank following Trump's administration. Meanwhile, the World Bank's role during the pandemic included supplying $170 billion in assistance to over 100 nations, demonstrating its crucial but often overlooked impact. Amidst these discussions, the U.S. faces questions about its funding and engagement with both institutions.
The World Bank delivered $170 billion in loans to over 100 countries during the COVID-19 pandemic, reaching about 70% of the world's population.
The IMFs recent $20 billion debt relief for Argentina aims to support reforms under President Milei, highlighting significant economic challenges the country faces.
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