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IMF provides $50bn to fight coronavirus outbreak

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The International Monetary Fund has announced $50bn (£39bn) in funding for countries hit by the coronavirus. The organisation also warned that the outbreak had already pushed this year's global economic growth below last year's levels. As quoted by BBC.com (05/3) the emergency measure came after the virus has spread rapidly outside China to more than 70 countries. This week governments and central banks around the world have taken action to ease the impact of the virus. The IMF said it is making the money available to help poor and middle-income countries with weak health systems respond to the epidemic. At the same time the fund said the spread of the coronavirus has erased expectations of stronger economic growth this year, and will push 2020 global output gains to their slowest rate since the financial crisis in 2008. //bbc.com//===

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