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Confronting the Crisis: Priorities for the Global Economy. By Kristalina Georgieva, IMF Managing Director

As prepared for delivery Introduction: A Crisis Like No Other I want to begin by wishing my personal best to everyone—for you and your families’ health and safety during these difficult times. Today we are confronted with a crisis like no

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World Bank Blogs: April 10, 2020 end of week update: Important week ahead

DAVID MALPASS | APRIL 10, 2020 I wanted to provide a quick update on a few of the week’s activities at the World Bank Group. Our urgent goal is to quickly deploy emergency health operations around the world and begin

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IMF Executive Board Approves Immediate Debt Relief for 25 Countries

April 13, 2020 Washington, DC – Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) issued the following statement: “Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s

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WHO Director-General’s opening remarks at the media briefing on COVID-19 – 13 April 2020

Good morning, good afternoon and good evening. Some countries and communities have now endured several weeks of social and economic restrictions. Some countries are considering when they can lift these restrictions; others are considering whether and when to introduce them.

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For the poorest countries, the full danger from coronavirus is only just coming into view

Three months after the outbreak began, it is easy to see the COVID-19 pandemic for what it is: a human tragedy that constitutes the most severe blow to the global economy since World War II.  It has swiftly overwhelmed the health systems

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WHO Director-General’s opening remarks at the media briefing on COVID-19 – 8 April 2020

Good morning, good afternoon and good evening. Tomorrow marks 100 days since WHO was notified of the first cases of “pneumonia with unknown cause” in China. It’s incredible to reflect on how dramatically the world has changed, in such a

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EC – Coronavirus: EU Medical Teams deployed to Italy

A team of European doctors and nurses from Romania and Norway, deployed through the EU Civil Protection Mechanism, is being immediately dispatched to Milan and  Bergamo to help Italian medical staff working to battle the coronavirus. Austria has also offered

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IMF Blog: An Early View of the Economic Impact of the Pandemic in 5 Charts

The COVID-19 pandemic has pushed the world into a recession. For 2020 it will be worse than the global financial crisis. The economic damage is mounting across all countries, tracking the sharp rise in new infections and containment measures put

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World Bank Blogs: Educational challenges and opportunities of the Coronavirus (COVID-19) pandemic

We are living amidst what is potentially one of the greatest threats in our lifetime to global education, a gigantic educational crisis. As of March 28, 2020, the COVID-19 pandemic is causing more than 1.6 billion children and youth to be

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World Bank Group Launches First Operations for COVID-19 (Coronavirus) Emergency Health Support, Strengthening Developing Country Responses

Broader economic program would provide up to $160 billion over next 15 months WASHINGTON, April 2, 2020 — The World Bank’s Board of Executive Directors today approved a first set of emergency support operations for developing countries around the world, using

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