IMF announced a USD 50B aid package for low-income and emerging market countries, to help combat the impact of the Wuhan coronavirus global outbreak. USD 10B in rapid-disbursing emergency financing is available for low-income countries. The rapid financing instrument will provide USD 50B for emerging markets.
Managing Director Kristalina Georgieva said global growth in 2020 will “dip below” 2.9% for 2019. That is, at least 0.4% worse than 3.3% growth projection for 2020 as estimated in January. She warned that “how far it will fall and how long the impact will be is still difficult to predict”.
