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Current Affairs

IMF: World Entered Recession

Current context: International Monetary Fund (IMF) chief Kristalina Georgieva has announced on 27th March 2020, that the world has clearly entered a recession due to the devastating impact due to the Corona virus pandemic.
IMF: World Entered Recession
  • IMF has also projected a recovery from recession in the year 2021.
  • It said that the recovery in 2021 will only be possible if:
    1. The international community succeeds in containing the virus everywhere.
    2. The international community could prevent liquidity problems from becoming a solvency issue.
  • As per IMF, the fund's estimate "for the overall financial needs of emerging markets is $2.5 trillion”.
  • Over 80 countries (50 of low incomes) have already requested emergency aid from the IMF.
  • The International Monetary Fund (IMF) has 189 member countries and was founded on 27th December 1945.
  • Headquarters‎: ‎Washington, D.C. U.S
  • Managing Director‎: ‎Kristalina Georgieva


Q.1 Who is the current chief of the International Monetary Fund (IMF)?
a. Dr. Tedros Adhanom Ghebreyesus
b. Kristalina Georgieva
c. Henrietta H. Fore
d. Audrey Azoulay
IMF: World Entered Recession IMF: World Entered Recession Reviewed by Neha Verma on March 28, 2020 Rating: 5

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