SEARCHED FOR:KRISTALINA GEORGIEVA
Global economy 'not out of the woods yet', warns IMF chief Kristalina Georgieva
Despite some signs of recovery, the global economy faces continued challenges, including the possibility of a second wave of COVID-19, and governments should keep their support programs in place.
IMF says coronavirus crisis "far from over," more support needed
The International Monetary Fund on Wednesday warned that the coronavirus cri...
IMF chief Kristalina Georgieva: We have entered recession
"It is clear that we have entered a recession" that will be worse than in 2009, say...
IMF says $10 trillion spent to combat pandemic, far more needed
New estimates suggested that up to 100 million people could fall into extreme poverty as a result of the crisis, IMF Managing Director Kristalina Georgieva said, noting this would erase the past three years of gains made in poverty reduction.
More than 300 lawmakers urge IMF, World Bank to cancel poor countries' debt
The initiative, led by former U.S. presidential candidate Senator Bernie Sanders and Representative Ilham Omar, a Democrat from Minnesota, comes amid growing concern that developing countries and emerging economies will be devastated by the pandemic. The virus has infected more than 4.2 million people globally and killed 287,349, a Reuters tally showed.
IMF chief Kristalina Georgieva warns full global economic recovery unlikely in 2021
IMF Managing Director Kristalina Georgieva said data from around the world was worse than expected.
International Monetary Fund approves debt relief for 25 poor countries
The IMF board approved the debt relief for the countries, nearly all in Africa, but also Afghanistan, Yemen, Nepal and Haiti. The fund together with the World Bank have called for rich nations to stop collecting debt payments from poor countries from May 1 through June 2021.
V-shaped or U-shaped? Some economists upbeat on virus recovery
With 1.5 million confirmed cases and 100,000 deaths, the virus has forced economies worldwide to shut down.
IMF sees coronavirus-induced global downturn 'way worse' than financial crisis
IMF asked advanced economies to step up efforts to help emerging markets survive the impact of the pandemic.
IMF's Georgieva says virus crisis could ultimately test $1 trillion war chest
The IMF has been rapidly deploying some $100 billion in emergency financing and has now provided loans and grants to 72 countries.
Europe's virus toll surges, world plunges into recession
Europe has suffered the brunt of the coronavirus crisis in recent weeks, with millions across the continent on lockdown and the streets of Paris, Rome and Madrid eerily empty. In Britain, the men leading the country's fight against the coronavirus -- Prime Minister Boris Johnson and his Health Secretary Matt Hancock -- have both tested positive for COVID-19.
Post COVID-19 world simply cannot take social cohesion for granted, says IMF MD Kristalina Georgieva
The novel coronavirus, which originated in China's Wuhan city last December, has claimed over 165,000 lives and infected 2.4 million people worldwide so far. Further it has triggered fears of a downturn, battering a number of business sectors.
IMF calls for 'substantial' stimulus against coronavirus
Given the "acute shocks" caused to economies, consumers and businesses, Gita Gopinath said "policymakers will need to implement substantial targeted fiscal, monetary and financial market measures to help affected households and businesses." That includes "cash transfers, wage subsidies and tax relief" as well as interest rate cuts and financial market support by central banks.
Coronavirus could cut global growth by 0.1% to 0.4%: ADB
The Asian Development Bank (ADB) on Friday said the COVID-19 could reduce global gross domestic product (GDP) by 0.1-0.4%, with financial losses forecast to reach between $77 billion and $347 billion.
Global growth to 'dip below' last year's rate: IMF chief
The COVID-19 outbreak "is no longer regional issue, it is a global problem (that) calls for global response," Georgieva said. The epidemic's impact on confidence and steps to contain it are impacting economic activity, with the result that "global growth in 2020 will dip below last year's levels," she said.