Global Economy: IMF calls for further action to secure resilient recovery – ZAWYA

Global Economy: IMF calls for further action to secure resilient recovery – ZAWYA

global economy: imf calls for further action to secure resilient recovery imf has moved with unprecedented speed providing emergency financing to 72 countries in four months    international monetary fund (imf) managing director kristalina georgieva makes remarks during a closing news conference for the international monetary finance committee (imfc), during the imf and world bank's 2019 annual meetings of finance ministers and bank governors, in washington, u.s., october 19, 2019. washington, dc: kristalina georgieva, managing director of the international monetary fund (imf), has called for increased international cooperation to mitigate the continuing impact of the covid-19 pandemic.in a statement issued today at the conclusion of the virtual meeting of the group of 20 (g20) finance ministers and central bank governors, chaired by saudi arabia, the imf chief said that the global economy faces a deep recession this year, with partial and uneven recovery expected in 2021."while there remains great uncertainty on the outlook, the unprecedented actions taken by the g20 countries and others have helped to avert a much worse outcome. as we enter the next phase of the crisis, further policy action will be required, as well as increased international cooperation. the g20 action plan is key to this