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Tag Archives: emergency financing

The Short-term Liquidity Line: A New IMF Tool to Help in the Crisis

By Geoffrey Okamoto Challenging times for emerging markets The COVID-19 pandemic has severely disrupted the global economy at every level. Across the world, financial conditions have tightened dramatically, with unprecedented portfolio outflows from emerging markets in terms of both size (a record of about $100 billion) and speed, and markets effectively frozen in some cases. This has created sizable demand for U.S. dollar liquidity, with emerging markets facing sharp liquidity shortages. A...

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Economic Policy in Latin America and the Caribbean in the Time of COVID-19

By Alejandro Werner  Español, Português As of today, about 3,000 people have died from the COVID-19 virus in Latin America and the Caribbean. While the pandemic continues to spread across the region, countries are facing the worst economic recession since countries started producing national accounts statistics in the 1950s. The challenging external environment, coupled with much-needed measures to contain the pandemic, have led to a plummeting of economic activity across Latin America—where...

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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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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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