Breaking news and alerts from the International Monetary Fund.
Countries in sub-Saharan Africa took swift action to protect their people from the worst of the crisis but lockdown measures came at high costs. The response has widened an already sizeable external financing gap. #IMFBlog
How is the IMF responding to the #COVID19 crisis? We are supporting our member countries with policy advice, technical assistance and financial resources. Learn more here:
POLL: In 5 years, how will you be sending money to a family member abroad? #CrossBorderPayments
JUST RELEASED: April 2020 World Economic Outlook. The global economy is projected to contract sharply by -3% in 2020 as a result of the #COVID19 pandemic, a much worse contraction than during the 2008–09 financial crisis. Read the latest #WEO
IMF Executive Board today approved US$109.4 million disbursement to help #Rwanda address the economic impact of #COVID19 . This is the first COVID-19 emergency funding for an African country and we are working hard on other requests. #coronavirus #IMFAfrica
For the first time since the Great Depression, both advanced economies and emerging market and developing economies are in recession: growth in AEs is projected at -6.1% and EMDEs -1.0%. For more details, read the #IMFBlog on the #WEO