Dish out IMF bite to firms, government told

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BUSINESS is lobbying authorities to spend at least half of the US$1 billion windfall from the International Monetary Fund (IMF) on the productive sector, to further stimulate economic growth and help companies recover from the negative effects of Covid-19.

Speaking to The Financial Gazette this week, after the IMF released its much-needed Special Drawing Rights (SDRs) to member countries, captains of commerce and industry said doing this was crucial as businesses continued to reel from the deadly pandemic, with many of them having failed to access the government’s coronavirus stimulus packages.