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Dear Colleague,
Welcome to the Day 7 Briefing of our 2020 Virtual Spring Meetings newsletter.
HAPPENING NOW
We just started streaming the press briefing with International Monetary and Financial Committee Chair Lesetja Kganyago and IMF Managing Director Kristalina Georgieva. Watch it live.
LATER TODAY
Today at 1:30 PM EDT, we will livestream the press briefing on the economic outlook for the Western Hemisphere with Director Alejandro Werner.
GLOBAL AND REGIONAL REPORTS
It's hard to keep track of all our new economic reports, press conferences, blogs, podcasts and more—all published in the last few days—so we've put together a handy list below.
Managing Director's Global Policy Agenda (download | briefing)
World Economic Outlook (download | blog | briefing)
Global Financial Stability Report (download | blog | briefing | podcast)
Fiscal Monitor Report (download | blog | briefing | podcast)
Sub-Saharan Africa Economic Outlook (download | briefing | article)
Middle East and Central Asia Economic Outlook (download | briefing | press remarks)
Asia and Pacific Outlook (blog | briefing)
European Outlook (briefing and transcript)
THE ECONOMIST AND THE EPIDEMIOLOGISTS
Yesterday, we broadcasted a virtual conversation between Managing Director Georgieva and Imperial College epidemiologists Neil Ferguson and Azra Ghani. They focused on how best to save lives and livelihoods. Watch the 25-min discussion.
IN CASE YOU MISSED IT
During the G20 Finance Ministers and Central Bank Governors meeting yesterday, Managing Director Georgieva discussed ramping up the IMF's crisis response for emerging markets and developing countries: "To assist our low income countries, we plan to triple our concessional lending. We are therefore urgently seeking US$18 billion in new loan resources for the Poverty Reduction and Growth Trust, and will also likely need at least US$1.8 billion in subsidy resources." Read the full statement.
Managing Director Georgieva was interviewed by CNBC's Sara Eisen to discuss the state of the global economy and how monetary policy can help combat the coronavirus pandemic. Watch the 7-minute segment.
Also, Chief Economist Gita Gopinath was interviewed by CNBCTV18 to discuss the global economic outlook with a focus on India. Watch the 20-min segment.
THE IMF AND COVID-19
We recently launched a hub for all of our COVID-19 content, including our latest analytical work on the economic impact of the pandemic, a global policy tracker that now covers 193 economies, a series of notes produced by IMF experts to help members address the economic effects of COVID-19, and recent news including press releases, speeches and more. If you are interested in the IMF's response to COVID-19, please read our latest Q&A.
The IMF also just approved immediate debt service relief to 25 member countries. "This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more of their scarce financial resources towards vital emergency medical and other relief efforts," said Managing Director Kristalina Georgieva.
In addition, our new lending tracker showcases emergency assistance approved to member countries facing the economic impact of the pandemic. For upcoming discussions on emergency financing requests, see the meetings calendar of the Executive Board.
Lastly, to help member countries with strong fundamentals deal with pandemic, we just announced that our Executive Board has approved the creation of a new short-term liquidity line.
THE FINAL NEWSLETTER
Tomorrow we'll send the final daily update of this special Spring Meetings newsletter, rounding up highlights of the week and how you can stay in touch moving forward. How did we do? Did you find these newsletters useful? Please write to us directly with feedback.
Finally, we recently launched a new mobile app that houses our latest flagship reports in an easy-to-read format. Now you can search and discover our latest analysis on the go. Download now from the Apple App Store and the Google Play Store.
Sincerely,
IMF Spring Meetings Team
P.S. Interested in learning more about economic policymaking? We offer a range of free self-paced courses on topics like macroeconomic forecasting and diagnostics, financial development and inclusion, and energy subsidy reform. Learn more and register here.
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