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
"The projected recovery... is fragile," IMF chief Kristalina Georgieva said at the meeting in the Saudi capital
'However, a sharp & rapid economic rebound could follow'
Kristalina Georgieva said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact
Kristalina Georgieva said a growth rate of 3.3 per cent is not fantastic for the world economy
Noting that a turning point is yet to be reached, the IMF said it was slightly revising downwards the growth outlook for the global economy.
That is up from the previous record of $164 trillion in 2016, according to IMF figures
In the April 2009 study, its economists decided that declining per-capita GDP was the main indicator to monitor recession
She said the World Economic Outlook to be released next week will show downward revisions for 2019 and 2020
Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison with cash infusions, Kristalina Georgieva said in her first speech as MD of IMF
In recent days, the long-time World Bank economist has pressed the flesh in world capitals to advance her candidacy
Georgieva is a centre-right politician who grew up in Bulgaria under communism before a career that brought her to the top of the World Bank and the European Commission
She took a short tour of the iconic Churchgate station and WR headquarters