The International Monetary Fund and the World Bank said on Monday they stand ready to help member countries deal with the coronavirus outbreak, including through emergency funding.
Bank of Japan Governor BOJ Governor Haruhiko Kuroda and European Central Bank President Christine Lagarde both issued statements echoing Powell’s pledge last week to “act as appropriate” to support the economy. The outbreak is plunging the world economy into its worst downturn since the global financial crisis more than 10 years ago, the Organisation for Economic Cooperation and Development warned on Monday, urging governments and central banks to fight back to avoid an even steeper slump.
The International Monetary Fund and the World Bank said on Monday they stand ready to help member countries deal with the coronavirus outbreak, including through emergency funding.