COVID-19 Pandemic in Developing Countries

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Published Dec 17, 2020

Compared to what we thought six months ago, the economic outlook has worsened significantly in some emerging market and low-income economies where infections are rising rapidly. Consequently, these economies, excluding China, are projected to incur a greater loss of output over 2020-21 relative to the pre-pandemic projected path when compared to advanced economies. These uneven recoveries significantly worsen the prospects for global convergence in income levels. But how are policymakers responding to this crisis like no other? What should be the priorities to save lives and livelihoods? What remaining policy tools can keep their economies stable until there is a widely available vaccine?

This conference is planned to open avenues of communication between the IMF and stakeholders in developing economies to better understand the impact of the crisis and also between low income countries and middle income emerging markets given that these country groups are facing increasingly similar challenges. Join the conversation between key policymakers, leading academics and civil society on the path forward for developing countries.

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