Resource-exporting economies and countries with a high reliance on debt markets for funding will become even more vulnerable if capital continues to flow out of emerging market economies. The global policy response has matched the magnitude of the crisis.
I would like to urge the beneficiaries to judiciously use the funds for the purpose for which they had indicated in their applications, as independent monitors and evaluators will be engaged to regularly follow up on the progress of the project, with particular focus on the socio-economic impact of the financed projects on their immediate community and the economy in general.