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Covid-19: World faces worst crisis since Great Depression, says IMF chief

However, Georgieva added this ominous caution: "It could get worse." There is "tremendous uncertainty around the outlook" and the duration of the pandemic, Georgieva said

Internationalising the Covid-19 crisis

If the international community wants to avoid a wave of defaults, it must develop a rescue plan immediately

Coronavirus-induced recession way worse than 2008 financial crisis: IMF

More than 1 million people worldwide have been infected with Covid-19

IMF can help develop methods to meet Covid-19 related financing: FM at G20

FM was speaking at the 2nd Extraordinary G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, held in a virtual manner.

Best of BS Opinion: A petition for financial emergency, Covid-19, and more

Read what extrapolated policy prescriptions are predicated on. Uddalok Bhattacharya sums up

World coronavirus dispatch: US crosses 100,000 cases; jobs cuts fear global

Read in today's global Covid-19 digest: Horde among machine makers to produce ventilators; world's richest footballers in for a pay cut; Apple's dedicated Covid-19 screening app; and more

Coronavirus has steered us to a recession worse than 2009: IMF chief

"It is clear that we have entered a recession" that will be worse than in 2009 following the global financial crisis, she said in an online press briefing.

IMF to take up Pak's request for financial aid to cope with Covid-19 crisis

On March 4, the IMF had announced that it would support vulnerable countries with different lending facilities

Twenty more countries seek aid from IMF amid coronovirus outbreak

US stock markets were down sharply in mid-morning trading with the S&P 500 index down about 10% and shedding $2 trillion in value

World needs coordinated fiscal response to pandemic: IMF chief

Emerging markets are facing a massive outflow of cash and will need support as well, IMF chief Kristalina Georgieva said

Coronavirus' global impact will depend on how govts respond, says IMF

IMF officials have been urging a strong, coordinated global response, including rolling out spending measures to cushion the blow from the virus

Foreign exchange reserves a cushion for India against virus impact: RBI guv

He stressed that a swap line was critical from the point of view of preserving global financial stability

Coronavirus: IMF makes available $50 bn to help emerging market countries

Of this, 10 billion dollars is available at zero interest for the poorest members through the rapid credit facility

Coronavirus scare wipes out hopes for faster growth in 2020: IMF chief

Georgieva and World Bank President David Malpass underscored the importance of coordinated action to limit the economic and human impact of the virus.

IMF, World Bank switch to virtual spring meetings due to coronavirus

The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis more than 10 years ago, OECD said

Beyond green shoots: How to ensure speed and quality of economic recovery

Unless key issues are addressed, even if growth bounces back from the sub-5 per cent, it will stay lower than the already inadequate long-term average of 6.6%, writes T N Ninan

Coronavirus to shave 10 bps from global growth: IMF's Kristalina Georgieva

China has said it could still meet its economic growth target for 2020 despite the epidemic

Too early for accurate figures on coronavirus impact on global growth: IMF

The IMF said last month global growth is projected to rise from an estimated 2.9 per cent in 2019 to 3.3 per cent in 2020

Look back in anger: Why aren't economists setting down roots in India now?

The economic refugees of earlier years have been replaced by well-placed people leaving (or staying away from) India's unattractive political economy, writes T N Ninan

IMF asks Pakistan to reduce 'trade and commerce reliance' on China

The development comes as the mission has extended its stay in Pakistan for making more efforts to strike a consensus on the staff-level agreement