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Tag: imf

Pandemic: IMF approves emergency financing for 50th member

The IMF has already authorized financial assistance for 50 member countries during the Coronavirus pandemic, said IMF Spokesperson Gerry Rice on Thursday during a virtual press briefing in Washington D.C. “So since roughly the beginning of April until May 6th, yesterday, we have approved financing for 50 countries under these emergency facilities. It’s an IMF […]

IMF urges to mobilize funds for Africa in fight against pandemic

Opening Remarks at High-Level Virtual Event on ‘Mobilizing with Africa’ Kristalina Georgieva, IMF Managing Director 2020 Virtual Spring MeetingsApril 17, 2020 As prepared for delivery Good morning. Excellencies, Ministers of Finance, Ladies and Gentlemen—thank you for participating in this important event. We are here today to work in partnership with Africa and to bring more […]

IMF/ World Economic Outlook Press Briefing

IMF projects worst economic downturn since the Great Depression The IMF’s latest World Economic Outlook (WEO) sees the global economy faltering and forecasts negative global growth of minus 3 percent in 2020 because of the Covid-19 pandemic. IMF Chief Economist Gita Gopinath said: “Under the assumption that the pandemic and required containment peaks in the […]

IMF: Pandemic dramatically impacts the financial system

IMF Global Financial Stability Report The IMF sees financial markets heavily impacted by the COVID-19 crisis, the Fund’s Financial Counsellor Tobias Adrian said at the press briefing of the Global Financial Stability Report (GFSR) on Tuesday. A further intensification of the crisis could threaten global financial stability. “We are facing an unprecedented crisis and it […]

IMF Closure DC Shutdown

The IMF has closed its headquarters in Washington, DC indefinitely as a result of the COVID-19 epidemic. The Fund has acknowledged two confirmed cases of coronavirus infection among its staff. Both are recovering, but the IMF has closed access to all but critical support staff and security into the buildings while the building is thoroughly […]