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The head of the IMF hopes for a global policy response to mitigate the impact of coronavirus

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Kristalina Georgieva said during the Munich security conference that policy makers need to do what people do: pray for the best and prepare for the worst.

The head of the IMF hopes for a global policy response to mitigate the impact of coronavirus
Фото: Управляющий директор МВФ Кристалина Георгиева

the international monetary Fund hopes that the world governments and Central banks will work together to respond to the outbreak of coronavirus, it is evident economic impact of the epidemic on the world economy, said Friday the IMF Executive Director Kristalina Georgieva.

Speaking at the Munich security conference, Georgieva said that the next few weeks will be crucial for the formation of a "rising" pattern of exposure to the virus in China and around the world.

"Then we can agree on a synchronized or, even better, coordinated measures to protect the global economy from the more severe shocks," said Georgieva delegates. "Can we do it? Yes. We're going to do this? I really think I'm going to."

Flash coronavirus has killed more than 1 100 people and sent to hospital 44 000 people in China after it first appeared in Wuhan, Hubei province, late last year.

Economy of China is trying to resume work after the annual New year according to the lunar calendar, which was extended for 10 days to help contain the outbreak of a new and highly contagious respiratory virus, officially called 2019-nCov.

Georgieva warned against attempts to make accurate predictions due to the lack of information and said that the experts predicting the economic consequences is very high.

"We are looking closely at the data ... we have to do what people do: pray for the best and prepare for the worst," said Georgieva.

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