The International Monetary Fund revealed that the Coronavirus crisis has not ended yet, indicating the need for multilateral cooperation to ensure adequate supplies to develop a vaccine to counter the "virus".
In an article published by Foreign Policy magazine, Kristalina Georgieva, the Managinf Director of IMF explained that "the current economic recovery from the crisis is a result of the rapid implementation and the unprecedented amount of support from governments and central banks, but more efforts will be necessary."
Georgieva emphasized that "the recovery is still very fragile and uneven in different regions and sectors, to ensure the continuity of the recovery, it is necessary not to stop support before the appropriate time for that."
Covid-19, the disease caused by the emerging coronavirus, has killed 900,000 people around the world, and the Fund estimates that the total cost of the crisis will reach $12 trillion by the end of 2021, as low-income countries are likely to need continued support. The IMF has provided emergency financing to 75 countries, 47 of them are low-income countries, expressing willingness to provide more.
Source (Al-Arabiya.net, Edited)
