The head of the IMF reported on the “dark hour of humanity”

International financial organizations have warned of the beginning of a global recession.

Kristalina Georgieva, managing Director of the International Monetary Fund, said that the coronavirus pandemic has slowed the world economy.

She warned that the pandemic had thrown the world into a recession “much worse” than the global financial crisis of 2008-2009.

At a press conference held jointly with the head of the World Health Organization, Georgieva called the current situation “the darkest hour of humanity.” She called on rich States to help developing countries to withstand the impact of the pandemic. According to her, work is underway to ensure that creditor States do not rush to collect debts from borrowers.

World Bank President David Malpass wrote on LinkedIn: “We expect a major global recession.”

COVID-19 coronavirus infected more than 1 million people in the world, more than 53 thousand died.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor