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The esteemed initiative delivered essential grocery food baskets to around 5,000 deserving families across 14 Bangladeshi districts
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Greater depression ahead because of coronavirus pandemic?
Washington - Governments had already undertaken fiscal stimulus measures of $8 trillion.
IMF managing director Kristalina Georgieva painted a far bleaker picture of the social and economic impact of the new coronavirus than even a few weeks ago, noting governments had already undertaken fiscal stimulus measures of $8 trillion, but more would likely be needed.
"Just three months ago, we expected positive per capita income growth in over 160 of our member countries in 2020," she said on Thursday in remarks prepared for delivery ahead of next week's IMF and World Bank Spring Meetings.
"Today, that number has been turned on its head: we now project that over 170 countries will experience negative per capita income growth this year." - Reuters
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