The world has entered an economic crisis worse than 2009 – IMF chief Kristalina Georgieva. IMF’s recovery project to bring the economy back on track by 2021 is on. The organisation is studying the consequences of COVID-19 on the global economy. IMF’s estimate for the overall financial needs of emerging markets is $2.5 Tn. It is uncertain how long the economic challenges posed by the pandemic would go on. Many countries are taking precautions in health and economic sectors. Over 80 low-income countries have already approached the IMF for financial aid. IMF has taken good measures to tackle the situation in the last few days: Kristalina.
