The IMF chief acknowledged that the fund has a reputation for imposing tough conditions on countries seeking bailouts.
But this time, “we are asking for one thing only: Please pay your doctors and nurses, make sure that your health systems are functioning, and that your vulnerable people and first [responders] are protected,” Georgieva said.
“And please keep the receipts,” she added.
The IMF said on Tuesday that it expects global GDP will contract by 3% in 2020, a far worse recession than the one that followed the global financial crisis of 2008, and a 180-degree reversal of its previous forecast in January when it was expecting growth of 3.3% this year.
The fund said there is a risk of the recession extending into 2021 if policymakers fail to coordinate a global response to the virus.