The International Monetary Fund will test on Friday in real conditions its ability to have all its employees employed at the headquarters of the international financial institution work remotely, against the backdrop of the coronavirus epidemic. This resilience test must be carried out on Friday, March 13 and make it possible to prepare for the spring meetings which will be held in “Virtual format” in April. “This exercise will enable us to strengthen the capacity of the Fund to continue its operations and to be at the service of its members in these difficult times”, a spokesperson said in an email.
On March 3, the IMF and its sister institution the World Bank announced that their spring meetings, which usually draw tens of thousands of people from around the world to the American capital, would be dematerialized this year because of the new coronavirus. For the World Bank, stress tests are carried out by department. Monday it was the turn of communication to telework, explained a spokesperson from his kitchen.
A global economy already slowing down
During the spring and fall meetings, the IMF and the World Bank publish and present their updated forecasts for global economic growth. It will be scrutinized even more carefully this year due to uncertainty over the impact of the Covid-19 epidemic on an already slowing global economy.
Delegations of member countries of the institutions, economists, journalists participate in numerous press conferences, seminars and debates on a multitude of themes. On the sidelines of these events is also the meeting of the G20. It is also an opportunity for member countries to meet and discuss in person on the subjects that concern them.