IMF

Coronavirus crisis ‘far from over’, more support needed — IMF

The International Monetary Fund on Wednesday warned that the Coronavirus crisis was “far from over” and underscored the need for multilateral cooperation to ensure adequate supplies once a vaccine is developed. In an essay published in Foreign Policy magazine, IMF Managing Director Kristalina Georgieva and chief economist Gita Gopinath said the ongoing economic recovery from […]
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COVID-19: IMF, World Bank mobilise $57bn for Africa

The World Bank Group and International Monetary Fund (IMF) have said they were mobilising world resources to help Africa defeat COVID-19. The leaders of the two institutions held a virtual meeting with African leaders, bilateral partners, and multilateral institutions to spur faster action on COVID-19 response in African countries, they said in a joint statement, […]

COVID-19: Africa still needs $44 bn to fight pandemic ―World Bank and IMF

The World Bank and IMF said on Friday Africa needs $44 billion more to fight the coronavirus pandemic despite a freeze in debt payments for many countries and massive pledges of support. The Washington-based lenders and other official creditors have already mobilized $57 billion to support healthcare and economic recovery in the world’s poorest continent, […]

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