Managing Director Kristalina Georgieva tells....>

IMF: Managing Director Kristalina Georgieva tells UN conference on Covid-19

response that world GDP this year may be worse than its standing -3% forecast.

-"We projected a shrinkage of 3% for the world economy, now we are receiving

incoming data that indicates the contraction may be even more severe. We do

expect partial recovery in 2021 and we highly value the decisive actions that

have been taken by policymakers to stabilize the economy."

-Vital to support poorer nations with health response, as record USD100b of

private money has left EMs this year 3X the outflow in global financial crisis.

-Risk of wave of corporate bankruptcies that may in turn hurt banks.