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More synchronized action needed to tackle COVID economic crisis, IMF’s Georgieva says

More synchronized action needed to tackle COVID economic crisis, IMF’s Georgieva says

By Andrea Shalal and Marc Jones

WASHINGTON/LONDON (Reuters) – The international community must do more to tackle the economic fallout of the COVID-19 crisis, the head of the International Monetary Fund said on Monday, publicly calling on the World Bank to accelerate its lending to hard-hit African countries.

Some of the key events of the virtual and elongated annual meetings of the IMF and World Bank take place this week, with the most pressing issue how to support struggling countries.

“We are going to continue to push to do even more,” IMF Managing Director Kristalina Georgieva said during an online FT Africa summit.

“I would beg for also more grants for African countries. The World Bank has grant-giving capacity. Perhaps you can do even more… and bilateral donors can do more in that regard,” Georgieva said in an unusual public display of discord between the two major international financial institutions.

No immediate comment was available from the Bank.

Georgieva last week said the IMF had provided $26 billion in fast-track support to African states since the start of the crisis, but a dearth of private lending meant the region faced a financing gap of $345 billion through 2023.

The pandemic, a collapse in commodity prices and a plague of locusts have hit Africa particularly hard, putting 43 million more people at risk of extreme poverty, according to World Bank estimates. African states have reported more than 1 million coronavirus cases and some 23,000 deaths.

G20 governments are expected to extend for six months their Debt Service Suspension Initiative (DSSI) which has so far frozen around $5 billion of poorer countries’ debt payments, but pressure is on the main development banks and private creditors to provide relief too.

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Georgieva said the Fund was also pushing richer member

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More synchronized action needed to tackle COVID economic crisis – IMF’s Georgieva

More synchronized action needed to tackle COVID economic crisis – IMF’s Georgieva

WASHINGTON/LONDON (Reuters) – The international community must do more to tackle the economic fallout of the COVID-19 crisis, the head of the International Monetary Fund said on Monday, publicly calling on the World Bank to accelerate its lending to hard-hit African countries.

FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity, at the Vatican, February 5, 2020. REUTERS/Remo Casilli

Some of the key events of the virtual and elongated annual meetings of the IMF and World Bank take place this week, with the most pressing issue how to support struggling countries.

“We are going to continue to push to do even more,” IMF Managing Director Kristalina Georgieva said during an online FT Africa summit.

“I would beg for also more grants for African countries. The World Bank has grant-giving capacity. Perhaps you can do even more… and bilateral donors can do more in that regard,” Georgieva said in an unusual public display of discord between the two major international financial institutions.

No immediate comment was available from the Bank.

Georgieva last week said the IMF had provided $26 billion in fast-track support to African states since the start of the crisis, but a dearth of private lending meant the region faced a financing gap of $345 billion through 2023.

The pandemic, a collapse in commodity prices and a plague of locusts have hit Africa particularly hard, putting 43 million more people at risk of extreme poverty, according to World Bank estimates. African states have reported more than 1 million coronavirus cases and some 23,000 deaths.

G20 governments are expected to extend for six months their Debt Service Suspension Initiative (DSSI) which has so far frozen around $5 billion of poorer countries’ debt payments, but pressure is

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NJ physical education teachers get creative to tackle online gym class

NJ physical education teachers get creative to tackle online gym class

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So far 180 public, private and parochial districts have gotten state permission to start with all-remote instruction, Gov. Murphy said.

NorthJersey.com

Meghan Radimer had to get creative. Radimer teaches physical education, and the COVID pandemic has made that particularly challenging since her school’s classes are online.

So Radimer has asked her students in the Stillwater Township School District to use household items in their workouts. She had them play golf with a laundry basket and a pair of rolled up socks. There was also the day she orchestrated a rainbow scavenger hunt: depending on what color item her students found, they would do a different workout. Another fitness challenge asked students to build a shoe tower — if it stood, they did 25 jumping jacks. If it fell, they had to do 10 pushups.

“You’re like a first-year teacher again,” said Radimer, who works with pre-K through sixth graders. “I think back — I graduated in 2007 — and none of this stuff was ever something you would even think about having to plan. I never thought I would have to teach phys ed virtually. But I think everybody is doing their best to figure out how to make it work for the year and for the students, as well.”

Jennifer Olawski, a physical education teacher at the Paul Robeson Community School for the Arts in New Brunswick, created this virtual gym with her colleagues for her elementary and middle school students. Students can click different links in the classroom to access lessons or workouts they can do in their spare time. The classroom also features teachers Andrew Novod and Chelsea Buttacavoli. (Photo: Courtesy of Jennifer Olawski)

Teachers across the state have been forced to adjust to virtual learning because of the COVID-19 pandemic, which upended academia and all

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