if you are interested in it , Get free samples :sales@edabearings.com

Major shareholders of the world bank and the International Monetary Fund said Friday that country specific solutions should be sought to reduce the debt burden of middle-income countries affected by the new coronavirus epidemic. This has led to calls for the expansion of aid already provided to the poorest countries.
In another speech, U.N. Secretary General Antonio Guterres urged creditors to agree to a moratorium for all developing countries, not just the poorest. He warned that many developing countries are facing a debt crisis as the epidemic has plunged the global economy into a severe recession.
Novel coronavirus disease is only needed by the continent, Guterres said at a virtual conference hosted by the world bank and IMF for a non state conference. The disease alone needs to be more than $200 billion to combat the disease caused by the new coronavirus and to mitigate its economic impact.
Earlier this week, the IMF said it expected the global economy to shrink by 3.0% in 2020, the worst downturn since the great depression in the 1930s, as economic activity stalled due to the coronavirus outbreak.
According to World Bank President David Malpass, the global recession will be more serious than that seen during the 2008-2009 global financial crisis, and will bring the most severe blow to the poorest and most vulnerable countries.

---

PREVIOUS:The United States opposes the IMF's efforts to fund the epidemic through SDR all        NEXT:Innovation mechanism of China's LPR reduction