International Monetary Fund
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
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.
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.