The world economy is facing “severe” economic damage from the coronavirus pandem…


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The world economy is facing “severe” economic damage from the coronavirus pandem... 3

The world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, AFP quoted IMF chief Kristalina Georgieva as saying on Monday.

In comments to finance ministers from the Group of 20 nations, Georgieva called on advanced economies to provide more support to low-income countries, adding that the IMF stands “ready to deploy all our $1 trillion lending capacity.” #DawnToday

The world economy is facing “severe” economic damage from the coronavirus pandem... 7


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11 Comments

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  1. Ghaffar Mahesar ye read kro , lockdown hu tu ecomony kahan jygi aur mulk k liye loan leny k bad kia krna paryga wo bad me pata chalyga

  2. These world organizations are full of incompetent ‘experts’. WHO encouraged global travel during Jan/Feb -huge incompetence.
    IMF experts are more interested in foreign travels, linked to global mafias (Middle East, Africa, Asia SE) and actively solicit their involvements for world grants..

  3. Rich countries come forward and forgive the loan which was brought up by nawaz and zardari for their personal accounts

  4. Please change this from ‘lending’ capacity to ‘helping’ capacity. We are talking about ‘low’ income countries here.

  5. COVID-19 impact on global society, communities, and countries seems to be going to be catastrophic. Though countries are scrambling to diminish its effects in the short run, proactive affirmative actions from lending bodies, both Global and National is required. IMF and all concerned need to discuss means to mitigate the effects.
    They must come together to declare zero interest regime for the duration till the COVID-19 resolves – no one charges / collects or pays interest in the chain of lender and borrower upto the last beneficiary. All borrowers payments can be deferred for now to stabilize the things.

  6. Did anybody predicted such horrible realities about 2020??did they already know such disastrous things were coming on our way

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