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IMF, World Bank urge action to cover $44 bln gap in Africa’s pandemic needs

18 April 2020, 1:19 AM

African leaders, the IMF and the World Bank on Friday appealed for rapid international action to help African countries respond to the coronavirus pandemic that will cause the continent’s economy to shrink by 1.25% in 2020, the worst reading on record.

IMF’s Georgieva underscores need to help Africa, other emerging markets

17 April 2020, 9:43 AM

International Monetary Fund chief Kristalina Georgieva urged governments and the private sector to step up their efforts to help African countries and other emerging markets weather the economic and health impacts of the coronavirus pandemic.

Pandemic to bring Asia’s 2020 growth to halt for 1st time in 60 years: IMF

16 April 2020, 3:36 AM

Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and major export destinations, the International Monetary Fund said on Thursday.

SA has not approached IMF for emergency funding: official

15 April 2020, 7:16 AM

South Africa has not approached the International Monetary Fund (IMF) for emergency financing to help it fight the COVID-19 pandemic that threatens to push the economy deeper into recession, an IMF official said on Tuesday.

IMF chief economist says 100 countries seek pandemic aid; more resources may be needed

15 April 2020, 12:27 AM

The International Monetary Fund’s $1 trillion in lending capacity is “quite substantial” to help members deal with the coronavirus pandemic, but further resources may be needed as the full brunt of the crisis reaches developing countries, its chief economist told Reuters in an interview on Tuesday.

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