INSUBCONTINENT EXCLUSIVE:
Coronavirus pandemic: Kristalina Georgieva said emerging markets need at least $2.5 trillionWashington: The coronavirus has already plunged
the global economy into recession, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday, adding immense
pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows.Ms Georgieva told a news conference
that emerging market countries need at least $2.5 trillion in financial resources to get through the coronavirus pandemic.Internal reserves
and borrowing in local markets will be insufficient to cover these needs, so substantial funding from the IMF, other institutions and
bilateral creditors will be necessary.
