1. COVID-19 and the IMF-World Bank Spring Meetings
- Author:
- Sarah Cliffe
- Publication Date:
- 04-2020
- Content Type:
- Policy Brief
- Institution:
- Center on International Cooperation
- Abstract:
- The International Monetary Fund (IMF) and World Bank conducted their first virtual Spring Meetings amid the COVID-19 pandemic. This briefing summarizes the discussions, which focused on the economic impact of the pandemic, and provides key takeaways on topics such as debt relief, financing for COVID-19 response, multilateral partnerships, and efforts to support global supply chains. In this readout of the 2020 Spring Meetings, CIC director Sarah Cliffe details the historic—but ring-fenced—debt moratorium and accelerated financing deal that were reached, as well as efforts to inject more global financing through an exceptional issue of IMF Special Drawing Rights. The briefing also covers partnerships between the United Nations and the international financial institutions, including a call for collaboration on global supply chains for medical equipment, agricultural inputs, and other goods and services.
- Topic:
- Governance, Finance, Multilateralism, Crisis Management, Humanitarian Crisis, IMF, COVID-19, and Supply
- Political Geography:
- Global Focus