IMF review finds flaws in Covid-19 response

International Monetary Fund Headquarters 2, Washington, DC
Photo: John Harrington

The International Monetary Fund deserves “great credit” for its response to the Covid-19 crisis, but made some mistakes in lending and forecasting, a new report finds.

The fund’s actions during the crisis were broadly “effective and agile”, the report by the IMF’s Independent Evaluation Office (IEO) says. But it also notes the IMF’s emergency lending was not “well tailored” to countries’ needs and was initially provided without robust safeguards. The report adds some staff came under severe

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account