United Nations Economic and Social Council

The International Monetary Fund( IMF) said that the worldwide monetary standpoint has declined since its most recent estimate three weeks back and the world can anticipate more influxes of budgetary market disturbance.

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Pandemic Boosts Support for Europe's Autocrats

Linda Van Gelder, the World Bank's director for the Western Balkans, was unequivocal in stating that the coronavirus "is wreaking havoc on lives around the region — taxing health care systems, paralysing economic activity and undermining the wellbeing of people".

EU candidate states from the West Balkans have welcomed the offer of 3 billion euros in emergency loans, to be distributed among 10 states bordering or near the EU, although the borrowing conditions remain to be determined, the European Commission confirmed to BIRN.

Half of the world's countries have asked the International Monetary Fund (IMF) for a bailout amid the coronavirus pandemic, the global body's head Kristalina Georgieva said late on April 15.

"This is an emergency like no other," she said in an interview with CNBC, adding that the IMF is providing funding on the basis of rapid assessment of conditions in every country.

Moldovan Prime Minister Ion Chicu told a TV show on Wednesday that the country's public finances were in dire straits owing to the pandemic, and the country desperately needed a new IMF loan to avoid catastrophe.

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

Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.

UNICEF representative in Romania Pieter Bult said that, even before the pandemic, the situation of children in Romania was difficult, and what is happening now will make things worse, saying that measures must be taken to continue the essential services for them. It is a challenging period for all of us.

The Greek economy is expected to record a recession of 10 percent in the current year, as a result of the macroeconomic shocks caused by the coronavirus pandemic, the International Monetary Funf (IMF) said in a report on Tuesday.

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.