Ideas to Action:

Independent research for global prosperity

Publications

 

Cover of Working Paper 533
May 14, 2020

The IMF’s Growth Forecasts for Poor Countries Don’t Match Its COVID Narrative

The IMF’s forecasts of GDP growth in 2020 suggest a substantially muted impact of the COVID crisis for developing countries compared to advanced economies. We hope that the relative optimism will not induce complacency and elicit a less-than-forceful response by countries themselves nor legitimize an ungenerous, conditionality-addled response on the part of the international community in the face of an unprecedented calamity.