IMF asks G20 to back doubling of its emergency financing to fight coronavirus

WASHINGTON (Reuters) - The International Monetary Fund on Thursday asked G20 leaders to back a doubling of its emergency financing capacity to strengthen its response to the rapidly spreading coronavirus pandemic that is set to cause a global recession in 2020.IMG Managing Director Kristalina Georgieva, in a statement to leaders of the world's 20 largest economies, said the depth of the economic contraction and the speed of the recovery depended on containment of pandemic and "how strong and..