COVID-19 sparked an economic crisis ‘like no other’ – but these measures can help now: WHO, IMF

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The World Health Organization held a media briefing to update the public on the COVID-19 outbreak. Streamed live at 18.30 CET on Friday, 3 April.

Guest Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) said COVID-19’s economic impact was “worse than the global economic crisis.”

The IMF head shared measures the agency was taking to help blunt the economic impact of the COVID-19 crisis.
Lockdowns around the world have placed the world’s economies at a standstill, slowing the virus’ spread, but enacting a heavy economic toll.

“This is a crisis like no other,” said Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) at a briefing for the World Health Organization (WHO). Georgieva noted that the crisis was like nothing the agency had seen in 75 years and one that would be more severe than the last global financial crisis.

At Friday’s briefing, WHO officials and the IMF Director discussed the global financial measures that will be needed to blunt the economic impact of the current coronavirus crisis, ensuring protections for health systems and the world’s most vulnerable.

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