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Make-or-Break Moment in Virus Fight Could Happen This Week

  • Group under the gun to help emerging markets, poor nations
  • IMF chief says speed, strength of world recovery is at stake
Stores sit closed in the Municipal Market of Sao Paulo, Brazil, on April 8.

Stores sit closed in the Municipal Market of Sao Paulo, Brazil, on April 8.

Photographer: Rodrigo Capote/Bloomberg
Updated on

The world’s ability to check the coronavirus contagion and fully recover from the worst peacetime recession since the Great Depression may depend on what international economic policy makers decide this week.

With emerging markets and developing nations facing health emergencies, collapsing demand and cash crunches, the guardians of the global economy are under the gun to ease the strains at this week’s video-conferenced meetings of the International Monetary Fund and World Bank.