If the international community wants to avoid a wave of defaults, it must develop a rescue plan immediately
World Bank and IMF must step up to protect pvt sector, govts
More than 1 million people worldwide have been infected with Covid-19
Leading regulators and bank chief executives, particularly in the United States, have said lenders are robust enough to withstand the unfolding economic crisis.
Read what extrapolated policy prescriptions are predicated on. Uddalok Bhattacharya sums up
By including the yuan in its basket of leading currencies, the IMF gave China a legitimacy it did not deserve
On March 4, the IMF had announced that it would support vulnerable countries with different lending facilities
As much of the world faces mass shutdowns, Georgieva warned the outlook for global growth in 2020 "is negative -- a recession at least as bad as during the global financial crisis or worse.
COVID-19 will cause no less a disruption to the economy than the goods and services tax has done
Maduro ordered a nationwide quarantine starting Tuesday to slow the pace of infection
Prime Minister Narendra Modi discussed with chief ministers ways and preparedness of the states to check the virus spread
Most larger Chinese firms have reopened and many local employees have returned to work
Analysts fear that the impact this time would be deeper than that of the 8-month long economic downturn in 2001 and the one in early 1990s
Additional fiscal stimulus will be necessary to prevent long-lasting economic damage, she said
She did not identify the countries that have expressed interest in new financing programs. Iran last week said it was seeking an emergency loan from the IMF
Globally, economic policy could soon be in uncharted territory
He stressed that a swap line was critical from the point of view of preserving global financial stability
The comments from Das come days after the RBI assuaged markets that it will do all it can to minimise the coronavirus impact.
Of this, 10 billion dollars is available at zero interest for the poorest members through the rapid credit facility
The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis more than 10 years ago, OECD said