As the Covid-19 crisis upends the global economy, the outlook for 2020 has changed profoundly. Borrowing costs have increased significantly and global financial flows have been severely disrupted. The International Monetary Fund and other institutions have responded swiftly by implementing emergency measures and adjusting their assessments. Fabio Natalucci, deputy director of the monetary and capital markets department at the IMF, joins Mark Sobel, US chairman of OMFIF to discuss the Fund’s Global Financial Stability Report and its outlook for the global economy.
Covid-19 and emerging markets: Avoiding a sovereign debt crisis