International Monetary Fund

IMF sees debt soaring over 200 percent

The International Monetary Fund estimates that years of efforts to contain Greece's national debt will go to waste due to the coronavirus pandemic, as it projects the country's dues will soar to 200.8 percent of gross domestic product this year, with a primary budget deficit at 5.1 percent of GDP after five years of primary surpluses, according to the Fund's Fiscal Monitor report released on We

Containing virus key to economic recovery, says Maurice Obstfeld

Measures designed to contain the coronavirus pandemic are also the most effective way to safeguard the world's economies as the coronavirus will continue to batter international markets until a vaccination is discovered, Berkeley University economics professor Maurice Obstfeld tells Kathimerini.

Kristalina Georgieva: We Expect the Worst Economic Fallout Since Great Depression

The global coronavirus pandemic is causing an unprecedented economic crisis and will require a massive response to secure a recovery, IMF chief Kristalina Georgieva said on Thursday, BGNES reports.

She warned that "global growth will turn sharply negative in 2020," with 170 of the International Monetary Fund's 180 members experiencing a decline in per capita income.

IMF: Turkey not seeking financial help amid coronavirus

While non-EU emerging countries in Central and Eastern Europe are seeking IMF assistance in the wake of the coronavirus outbreak, neither Turkey nor Russia have done so, the director of the fund's European department said on March 31.

The IMF is now facing simultaneous requests for assistance from the largest number of countries in its history, Poul Thomsen stressed.

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