October 16, 2020/IMF A NEW BRETTON WOODS MOMENT “Today we face a new Bretton Woods moment. A pandemic that has already cost more than a million lives. An economic calamity that will make the world economy 4.4 % smaller this year and strip an estimated $11 trillion of output by next year. And […]
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What Happened? What Have We Learned From It? Lessons from COVID-19 Stress on the Financial System
Vice Chair for Supervision Randal K. Quarles At the Institute of International Finance, Washington, D.C. (via webcast) October 15, 2020/US Federal Reserve Thank you to the Institute of International Finance, for the opportunity to speak today. It has been eight months since COVID-19 appeared in the US and the attendant […]
Communiqué of the Forty-Second Meeting of the IMFC
October 15, 2020/IMF Chaired by Mr. Lesetja Kganyago, Governor of the South African Reserve Bank We express our sympathies for the loss of human lives caused by the COVID-19 pandemic and reiterate our commitment to mitigating the health and economic impact of the pandemic on people worldwide. A tentative global […]
