A report published by the prominent MOFJ Bank in Japan stated that the countries of the Middle East, such as Egypt, Lebanon, Jordan, Iraq and Iran, will be at the forefront of borrowers from the International Monetary Fund to reduce the damages caused by the spread of the Corona virus.
On Wednesday, the report pointed to the rescue package announced by the International Monetary Fund, at a value of 50 billion dollars, to be provided to the countries affected by Corona.
He added that the countries of the Middle East and North Africa will be able to benefit from the said package, even though they are oil-importing countries with high debt ratios.
He explained that the global quarantine imposed by Corona, would lead to a significant decline in the economy of developing countries.
The report stated that in light of this scene, oil importing countries such as Tunisia, Egypt, Jordan and Lebanon will be at the forefront of those receiving the International Monetary Fund rescue package.
He pointed out that Iran also wants to obtain a loan from "International Monetary."
It is worth noting that economists expect the corona’s epidemic’s damage to the global economy to exceed the effects of the global financial crisis that erupted in 2008.
As of Wednesday afternoon, the number of Corona sufferers worldwide exceeded one million and 450,000, of whom more than 83,000 had died, while more than 309,000 had recovered, according to "Worldometer".
