World Bank, IMF Push to Consolidate Patchwork Approach to Coronavirus Crisis

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World Bank, IMF Push to Consolidate Patchwork Approach to Coronavirus Crisis
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The International Monetary Fund anticipates the worst economic fallout since the Great Depression from the coronavirus pandemic

In times of crisis, the world’s economic policy makers have often gathered at G-20 summits and at the semiannual meetings of the International Monetary Fund and World Bank to formulate global rescues. But not this time.

No officials will travel to Washington, D.C., for meetings that had been scheduled this week. Instead, finance ministers and central bankers—like most of the world’s office dwellers—will hold their meetings virtually, attempting to combat the most severe global downturn since the Great Depression, via teleconferences...

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