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Uprecedented number of countries seeking coronavirus aid from IMF

The Columbus Dispatch logo The Columbus Dispatch 4/17/2020 From staff and wire reports
Kristalina Georgieva posing for the camera: Kristalina Georgieva, managing director of the International Monetary Fund, said the lending agency is facing huge demand for support from its members during the coronavirus pandemic. The IMF is prepared to commit its full $1 trillion in lending capacity to meet the demand, she said. [Jose Luis Magana/Associated Press] © Provided by The Columbus Dispatch Kristalina Georgieva, managing director of the International Monetary Fund, said the lending agency is facing huge demand for support from its members during the coronavirus pandemic. The IMF is prepared to commit its full $1 trillion in lending capacity to meet the demand, she said. [Jose Luis Magana/Associated Press]

The head of the International Monetary Fund said the lending agency is facing huge demand for support from its members during the coronavirus pandemic.

An unprecedented 102 of the IMF's 189 member countries are seeking assistance from the organization, Managing Director Kristalina Georgieva said. The agency is prepared to commit its full $1 trillion in lending capacity to meet the demand, she said.

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"It is a crisis like no other," Georgieva told reporters, reiterating her agency's assessment that the global economy is in its worst downturn since the Great Depression of the 1930s.

She and World Bank President David Malpass both praised a decision taken Wednesday by the finance ministers and central bank presidents of the Group of 20 major industrial countries to declare a suspension of debt payments for low income countries from May 1 through the end of the year.

Three nonprofits to share $1 million from Battelle for relief efforts

Battelle is giving a total of $1 million to three central Ohio nonprofit groups working to give aid during the coronavirus pandemic.

The science and technology company based in Columbus is donating $500,000 to the YMCA of Central Ohio, $250,000 to the Community Shelter Board and $250,000 to LifeCare Alliance ― one of the largest providers of Meals on Wheels.

The donation to LifeCare will translate to 75,000 meals for senior residents.

The gift to the YMCA will help the organization with its emergency efforts. So far, the YMCA has provided emergency shelter access, ensured child-care sites and services for first responders and launched a virtual health and wellness program.

The money given to the shelter board will go toward the homeless prevention fund for those who miss rent and house payments.

American Indian tribes sue to keep control of relief money

Several Native American tribes sued the federal government Friday, seeking to keep the $8 billion in federal coronavirus relief for tribes out of the hands of for-profit Alaska Native corporations.

The U.S. Treasury Department is tasked with doling out the money by April 26 to help tribes nationwide stay afloat, respond to the virus and recover after having to shut down casinos, tourism operations and other businesses that serve as their main moneymakers.

The Confederated Tribes of the Chehalis Reservation and the Tulalip Tribes in Washington state, the Houlton Band of Maliseet Indians in Maine, and the Akiak Native Community, Asa'carsarmiut Tribe and Aleut Community of St. Paul Island in Alaska filed the lawsuit in U.S. District Court in Washington, D.C.

The U.S. Treasury Department, named as the defendant, did not immediately return an email seeking comment.

Giant Eagle saving grocery pickup spots for health-care workers

Several Giant Eagles locations in central Ohio are set to begin reserving curbside pickup slots for healthcare workers at Ohio State University's Wexner Medical Center.

The Wexner Center will provide a link to a site that healthcare workers can use to reserve a next-day pickup slot between 8 and 10 a.m. or between 6 and 8 p.m. at Giant Eagles stores in Westerville, Grandview Yard, Dublin, and the Kingsdale Market District.

Giant Eagle is exploring the possibility of expanding the program.

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