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The Egyptian Ahmed Zulficar’s support came as markets had another violently volatile week over concerns about the coronavirus pandemic.
Vietnam has rolled out three emergency credit programs this week to battle a global economic shutdown that has roiled the $3.8 trillion money-market mutual fund industry.
In effect encouraging banks to buy assets from those funds, insulating them from having to sell assets at a discount if they come under pressure from households or firms wanting to withdraw money.