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iMFdirect
iMFdirect features views by IMF economists and officials about pressing issues in the global economy. The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board.

iMFdirect

In It Together: Protecting the Health of Africa’s People and their Economies

This blog is part of a series providing regional analysis on the effects of the coronavirus. By Karen Ongley and Abebe Aemro Selassie 中文, Español, Français, Português The growing presence of COVID‑19 in sub-Saharan Africa threatens the same human costs as elsewhere in the world. The economic costs could be just as devastating. Sweeping measures For their part, countries in sub-Saharan Africa are acting decisively, taking sweeping measures to halt the advance of the virus, with limits on...

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COVID-19 Pandemic and the Middle East and Central Asia: Region Facing Dual Shock

This blog is part of a series providing regional analysis on the effects of the coronavirus. By Jihad Azour عربي, Français, Русский The impact of COVID-19 and the oil price plunge in the Middle East and the Caucasus and Central Asia has been substantial and could intensify. With three-quarters of the countries reporting at least one confirmed case of COVID-19 and some facing a major outbreak, the coronavirus pandemic has become the largest near-term challenge to the region. Like much of...

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Blunting the Impact and Hard Choices: Early Lessons from China

This blog is part of a series providing regional analysis on the effects of the coronavirus. By Helge Berger, Kenneth Kang, and  Changyong Rhee عربي, 中文, Español, Français, 日本語, Português, Русский The impact of the coronavirus is having a profound and serious impact on the global economy and has sent policymakers looking for ways to respond. China’s experience so far shows that the right policies make a difference in fighting the disease and mitigating its impact—but some of these...

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COVID-19 Pandemic and Latin America and the Caribbean: Time for Strong Policy Actions

This blog is the first in a series providing regional analysis on the effects of the coronavirus. By Alejandro Werner عربي, 中文, Español,  Français, Português, Русский COVID-19 is spreading very quickly. This is no longer a regional issue—it is a challenge calling for a global response. Countries in Latin America and the Caribbean have been hit later than other regions from the pandemic and therefore have a chance to flatten the curve of contagion. Efforts on multiple fronts to achieve...

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Policy Action for a Healthy Global Economy

This blog is part of a special series on the response to the coronavirus. By Kristalina Georgieva 中文, Русский While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy. Constant contact and close coordination are the best medicine to ensure that the economic pain inflicted by the virus is relatively short-lived. Many governments have already taken significant...

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Coronavirus Economic Planning: Hoping for the Best, Prepared for the Worst

This blog is part of a special series on the response to the coronavirus. By Martin Mühleisen Individuals infected by the coronavirus potentially face a blow to their health and personal and economic well-being. Similarly, countries hit by a sudden and unexpected public health emergency—as coronavirus is proving to be—can see their economies slow and their budgets squeezed as they spend more to counter the impact of the virus. At the same time, they may experience a drop in revenue from...

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Monetary and Financial Stability During the Coronavirus Outbreak

By Tobias Adrian This blog is part of a special series on the response to the coronavirus. The global spread of the coronavirus is a human tragedy unfolding across the world. Quantifying the economic impact is complex, giving rise to significant uncertainty about the economic outlook and the associated downside risks. Such an abrupt rise in uncertainty can put both economic growth and financial stability at risk. In addition to targeted economic policies and fiscal measures, the right...

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Limiting the Economic Fallout of the Coronavirus with Large Targeted Policies

This blog is part of a special series on the response to the coronavirus. By Gita Gopinath This health crisis will have a significant economic fallout, reflecting shocks to supply and demand different from past crises. Substantial targeted policies are needed to support the economy through the epidemic, keeping intact the web of economic and financial relationships between workers and businesses, lenders and borrowers, and suppliers and end-users for activity to recover once the outbreak...

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Fiscal Policies to Protect People During the Coronavirus Outbreak

This blog is part of a special series on the response to the coronavirus. By Vitor Gaspar and Paolo Mauro A key role of government is to protect the well-being of its people—most crucially and visibly during emergencies such as the recent outbreak of the coronavirus. The IMF has $50 billion available in rapid-disbursing emergency financing to help countries suffering from the virus. As Managing Director Kristalina Georgieva said, what we want is to guarantee that people are not going to...

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Potential Impact of the Coronavirus Epidemic: What We Know and What We Can Do

By Kristalina Georgieva We all recognize that the situation with the spread of the coronavirus is very serious and could well get worse. This affects us all. Let me start with what we know and what we don’t yet know about the coronavirus and then how the global community can support those affected by this crisis in an effective and coordinated way. What We Know We know that the disease is spreading quickly. With over one-third of our membership affected directly, this is no longer a...

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