International Monetary Fund

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In this Feb. 14, 2020, file photo, Kristalina Georgieva, managing director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. (AP Photo/Jens Meyer, File)

IMF downgrades outlook for global economy in face of virus

By Martin Crutsinger - Associated Press

225 VIPs urge world powers to adopt $2.5 trillion COVID plan

By EDITH M. LEDERER - Associated Press

FILE- In this file photo taken Thursday, April 30, 2020, Women carrying their children lineup to receive vegetables from the Jan Hofmeyer community services in the Vrededorp neighborhood of Johannesburg. South Africa is struggling to balance its fight against the coronavirus with its dire need to resume economic activity. The country with the Africa’s most developed economy also has its highest number of infections — more than 19,000. (AP Photo/Jerome Delay, file)

UN chief warns leaders pandemic may cause historic famine

By EDITH M. LEDERER - Associated Press

Ukrainian President Volodymyr Zelenskiy in a face mask to protect against coronavirus, discusses the COVID-19 situation in the country with officials in his office in Kyiv, Ukraine, Wednesday April 22, 2020. (Ukrainian Presidential Press Office via AP)

Ukraine approves law on banks in a bid for IMF aid

Associated Press

FILE - In this June 19, 2019 file photo, Egyptian President Abdel Fattah el-Sisi speaks during a press conference in Bucharest, Romania. Amnesty International says that journalism in Egypt has effectively become a crime over the past four years, as authorities clamp down on media outlets and muzzle dissent. The London-based rights group said in a report Sunday, May 3, 2020 that as the number of coronavirus infections in Egypt continues to rise, the government is strengthening information controls, instead of upholding transparency during the health crisis. (AP Photo/Vadim Ghirda, File)

IMF approves $2.77 billion to help Egypt with virus fallout

Associated Press

A Lebanese army soldier throws a tear gas canister towards anti-government protesters in the northern city of Tripoli, Lebanon, Tuesday, April 28, 2020. Hundreds took part in the funeral of a young man killed in riots overnight in Tripoli that were triggered by the crash of Lebanon's national currency that sent food prices soaring. (AP Photo/Bilal Hussein)

IMF chief says talks with Lebanon on reforms to begin soon

By BASSEM MROUE - Associated Press

A Lebanese army soldier throws a tear gas canister towards anti-government protesters in the northern city of Tripoli, Lebanon, Tuesday, April 28, 2020. Hundreds took part in the funeral of a young man killed in riots overnight in Tripoli that were triggered by the crash of Lebanon's national currency that sent food prices soaring. (AP Photo/Bilal Hussein)

Lebanese PM says Cabinet will seek IMF financial assistance

By ZEINA KARAM and SARAH EL DEEB - Associated Press

FILE - In this May 30, 2017, file photo, a Standard Gauge Railway cargo train rides from the port container depot on a Chinese-backed railway costing nearly $3.3 billion, opened by Kenya's president as one of the country's largest infrastructure projects since independence, in Mombasa, Kenya. African leaders in 2020 are asking what China can do for them as the coronavirus pandemic threatens to destroy economies across a continent where Beijing is both the top trading partner and top lender. (AP Photo/Khalil Senosi, File)

China silent amid global calls to give Africa debt relief

By RODNEY MUHUMUZA - Associated Press

Iran Buckets Illustration by Greg Groesch/The Washington Times

The International Monetary Fund should not bail out Iran

By Jed Babbin

In this April 8, 2020 photo, laborers wear facemasks to protect against the spread of the new coronavirus as they look at job postings at a labor market in Qingdao in eastern China's Shandong Province. China has reported its biggest economic decline since the 1970s as it fought the coronavirus in the first quarter of the year. (Chinatopix via AP)

IMF, World Bank pledge help amid calls for more debt relief

By MARTIN CRUTSINGER - Associated Press

‘A crisis like no other’: IMF facing huge demand for support

By MARTIN CRUTSINGER - Associated Press

A staff member talks on his mobile phone at the Dubai Financial Market in Dubai, United Arab Emirates, Monday, March 9, 2020. Saudi Arabia closed off air and sea travel to nine countries affected by the new coronavirus Monday as Mideast stock markets tumbled over fears about the widening outbreak's effect on the global economy. (AP Photo/Kamran Jebreili)

Mideast economies battered by virus, oil prices and conflict

By AYA BATRAWY - Associated Press

A highway is empty of cars during a lockdown aimed at curbing the spread of the coronavirus, in Beirut, Lebanon, Sunday, April 12, 2020. (AP Photo/Bilal Hussein)

IMF projects Lebanon’s economy will shrink 12% in 2020

By BASSEM MROUE - Associated Press

The buildings of the banking district are seen in Frankfurt, Germany, early Tuesday, April 14, 2020. Due to the coronavirus the economy expects worldwide heavy losses. (AP Photo/Michael Probst)

IMF: Global economy will suffer worst year since Depression

By PAUL WISEMAN and MARTIN CRUTSINGER - Associated Press

A man with a protective mask walks in the rain past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, April 13, 2020. Asian shares fell Monday amid absence of fresh news after U.S. markets were closed for Good Friday and European, Australian and Hong Kong trading continued to be closed for Easter holidays. (AP Photo/Eugene Hoshiko)

Asian stocks sink after IMF says global economy will shrink

By JOE McDONALD - Associated Press

Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany, Feb. 14, 2020. (AP Photo/Jens Meyer) ** FILE **

IMF head sees worst economic downturn since Great Depression

By MARTIN CRUTSINGER - Associated Press

Ukrainian President Volodymyr Zelenskiy wearing a face mask to protect against coronavirus speaks during an extraordinary parliamentary session in Kyiv, Ukraine, Monday, March 30, 2020. Ukraine has been under quarantine since March 12. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo)

Ukraine approves legislation in a bid for IMF aid

Associated Press

IMF head says global economy now in recession

By MARTIN CRUTSINGER - Associated Press

Volunteers disinfectant a sidewalk in an effort to curb the spread of coronavirus outbreak in Peshawar, Pakistan, Wednesday, March 25, 2020. The new virus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Muhammad Sajjad)

World Bank, IMF plead for rich countries to give poorer ones a break amid pandemic

By David R. Sands - The Washington Times

In this image from video, Sen. Robert Menendez, D-N.J., speaks on the Senate floor at the U.S. Capitol in Washington, Tuesday, March 17, 2020. (Senate Television via AP) ** FILE **

Bob Menendez, Patrick Leahy press G20 to fund WHO, IMF and World Bank

By Lauren Toms - The Washington Times