The International Monetary Fund and World Bank said on Tuesday they were testing the ability of thousands of staff members in Washington to work remotely as they prepare for virtual Spring Meetings next month because of the fast-spreading coronavirus.
The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.
The International Monetary Fund hopes governments and central banks will work on a response to the coronavirus outbreak once the economic impact becomes clear, IMF Managing Director Kristalina Georgieva said on Friday.
Policy uncertainty, energy challenges and limited fiscal space are holding back economic growth in South Africa according to the latest United Nations World Economic Situation and Prospects report.
The International Monetary Fund’s Executive Board on Friday approved a three-year $2.9 billion financing package to support Ethiopia’s economic reform program, the IMF said.