United Nations Economic and Social Council

Democracy Digest: Frustration Looms Over Western Balkans

Live: Coronavirus Updates

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".

Half the world knocking on IMF’s door

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.

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

UNICEF representative in Romania: Post-pandemic world to be tougher for children unless we take measures

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.

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.

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