Skip to content
October 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • International News
  • Never in the history of IMF have we witnessed world economy come to a standstill
  • International News

Never in the history of IMF have we witnessed world economy come to a standstill

Admin April 3, 2020
imf

IMF logo

More than 90 countries have asked the International Monetary Fund (IMF) for emergency funding as the coronavirus pandemic has led to an unprecedented economic crisis, IMF chief Kristalina Georgieva said on Friday.

“Never in the history of the IMF have we witnessed the world economy come to a standstill,” the head of the Washington-based institution said in a online press conference of the World Health Organisation (WHO).

“We are now in recession. It is way worse than the global financial crisis,” she added.

Georgieva said emerging and developing economies were hit the hardest and had seen a financial outflow of nearly 90 billion dollars.

The IMF is especially worried that recent economic growth in African countries could be reversed by the pandemic.

Georgieva said that the IMF would use its 1-trillion-dollar war chest to help distressed economies, including African countries that would otherwise have to chose between feeding their populations or fighting the novel coronavirus.

WHO chief Tedros Adhanom Ghebreyesus called on countries to suspend medical fees and to provide free testing and health care for the coronavirus disease.

“If people delay or forego care because they can’t afford it, they not only harm themselves, they make the pandemic harder to control and put society at risk,” Tedros said.

The UN health chief reported that donor countries have already pledged or transferred nearly 690 million dollars for the WHO’s Covid-19 response plan, more than the requested 675 million dollars.

The global number of Covid-19 cases has climbed past 1 million this week, including more than 50,000 deaths. (dpa/NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: IMF Tedros Adhanom Ghebreyesus WHO

Post navigation

Previous Fight against COVID-19 limited by funds, infrastructure, human resources – NCDC 
Next UN describes Nigeria’s response to COVID-19 as remarkable 

Related Stories

UNDP warns 800m young people facing future without jobs
  • International News

UNDP warns 800m young people facing future without jobs

October 14, 2026
Pope Leo diagnosed with cancer as doctors remove part of lung, Vatican says
  • International News

Pope Leo diagnosed with cancer as doctors remove part of lung, Vatican says

October 14, 2026
Oil prices rise as Iran deploys new tactics to target ships transiting Hormuz reserves crude oil
  • International News

Oil prices rise as Iran deploys new tactics to target ships transiting Hormuz

October 14, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

NAFDAC seizes fake alcohol worth N2bn in Lagos market raid health
  • National News

NAFDAC seizes fake alcohol worth N2bn in Lagos market raid

October 14, 2026
Telecoms Sector to Cut 40m-Litre Annual Diesel Usage in New REA-NCC Green Power Drive, Expand Rural Coverage Hackers
  • Business & Economy

Telecoms Sector to Cut 40m-Litre Annual Diesel Usage in New REA-NCC Green Power Drive, Expand Rural Coverage

October 14, 2026
Diphtheria:​‌‌‌⁠‍‍⁠⁠‍​‍‍​‍‌‍⁠‌​ Kano disease control centre confirms death of 5 family members Kano
  • metro

Diphtheria:​‌‌‌⁠‍‍⁠⁠‍​‍‍​‍‌‍⁠‌​ Kano disease control centre confirms death of 5 family members

October 14, 2026
Kwara ​‌‌‌⁠‍‍⁠⁠‍​‍‍‌‌‍‌‌‌​NSCDC arrests suspects over alleged trafficking, fake medical practice nscdc
  • National News

Kwara ​‌‌‌⁠‍‍⁠⁠‍​‍‍‌‌‍‌‌‌​NSCDC arrests suspects over alleged trafficking, fake medical practice

October 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.