Georgieva calls for radical policies as IMF faces unprecedented demand

IMF head says rich countries must increase financing as nearly 80 countries request $50 billion in aid

Kristalina Georgieva
Kristalina Georgieva
IMF Photo/Cory Hancock

The International Monetary Fund is facing unprecedented demand for its financing, and has made its most radical policy recommendations since the height of the global financial crisis.

The IMF and the World Bank are recommending developed countries take concerted action to help emerging economies deal with the impact of the coronavirus pandemic.

On March 26, IMF managing director Kristalina Georgieva issued a statement calling for urgent action after a virtual meeting of the governments of the

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