United Nations

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.

Work is accelerating on up to eight leading candidates for a vaccine to combat the novel coronavirus, the World Health Organisation (WHO) chief said on Monday.

WHO Director-General Tedros Adhanom Ghebreyesus told a UN Economic and Social Council video briefing the original thinking two months ago was that it may take 12 to 18 months for a vaccine.

Greece plans at least two more bond issues by the end of the year and could postpone an early repayment to the International Monetary Fund to boost cash reserves and cover extra funding needs related to Covid-19, government officials told Reuters on Tuesday.

The coronavirus pandemic is far from over, the head of the World Health Organization (WHO) said on April 27.

In a video news conference, the WHO chief expressed concern over the swelling trends in Africa, Eastern Europe, Latin America, and some Asian countries.

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.

UN chief Antonio Guterres urged governments to use their economic responses to the coronavirus pandemic to tackle the "even deeper emergency" of climate change, in a message for the 50th anniversary of Earth Day.

The International Monetary Fund has approved the creation of a short-term liquidity facility to assist countries in combating the economic impact of the coronavirus pandemic, said IMF Managing Director Kristalina Georgieva.

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.

The pandemic sweeping the world will turn global economic growth "sharply negative" in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said.