IMF urges governments to maintain Covid-19 support, as restrictions tighten – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Covid-19 fears are weighing on the financial markets again today, as rising infections put governments under pressure to consider fresh, tougher restrictions to combat the pandemic.

Overnight, the number of infections worldwide has passed 38 million, with cases still rising sharply. In France, president Emmanuel Macron, is expected to make a significant announcement about additional national lockdown measures later today.

Yesterday, the Netherlands government ordered a partial lockdown after seeing cases surge, with PM Mark Rutte warning “That hurts, but it’s the only way.”

Caroline de Gruyter
(@CarolineGruyter)

Guess which country is, concerning Covid, the most problematic in Europe right now? pic.twitter.com/sbSGmSNBY8


October 13, 2020

Rutte’s plan includes the closure of bars and restaurants, and limit on the size of social gatherings.

We’re also expecting Northern Ireland to announce wide-ranging

Read More

International Monetary Fund (IMF) Staff completes Review Mission to Central African Republic

International Monetary Fund (IMF)
Download logo

The IMF team welcomes the progress made in the fight against the Covid-19 pandemic and the preparation of next December’s presidential and legislative elections; the pandemic and the containment measures have had a significant impact on growth, inflation, and public finances; the Central African authorities and the IMF team discussed a set of economic and financial policies necessary for the conclusion of the first and second reviews under the Extended Credit Facility. These discussions will continue over the next few days.

A team from the International Monetary Fund (IMF) led by Édouard Martin carried out a virtual mission from September 28 to October 9, 2020 to lead discussions as part of the first and second reviews of the Central African Republic’s economic reform program supported by the Extended Credit Facility.

At the end of the mission, Mr. Martin made the following statement:

“The IMF team welcomes the progress

Read More