"It is clear that we have entered a recession that will be worse than in 2009," said IMF Chief Kristalina Georgieva in an online press breifing on Friday.
"It is clear that we have entered a recession that will be worse than in 2009," said IMF Chief Kristalina Georgieva in an online press breifing on Friday.
According to the International Monetary Fund (IMF) Chief, "The global economy has entered into a downturn due to the Coronavirus pandemic. The economy will require massive funding to help developing nations."
To manage the global economic crisis, a fund estimate for the overall financial needs of emerging markets would be $2.5 trillion. "We believe this is on the lower end", she warmed.
Over 80 countries already have requested emergency aid from the International Monetary Fund.