Financial markets

Unprecedented Fiscal Response to an Unprecedented Crisis


October 14, 2020

IMF's Vitor Gaspar says the priority now should be to avoid premature withdrawal of fiscal support. (IMF photo)

In This Episode

Seven months after the World Health Organization declared a global pandemic, more than 1 million people have died of the disease and trillions of dollars have been spent in an effort to contain its devastating impact on economies across the globe. The latest Fiscal Monitor looks at what governments can do in the different phases of the pandemic to reduce the impact of the recession. Vitor Gaspar heads the semiannual publication. In this podcast, he says the massive fiscal support provided since the start of the crisis has been effective at saving lives and livelihoods and needs to continue.


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VITOR GASPAR, director, IMF Fiscal Affairs Department.

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Bruce Edwards

International Monetary Fund

Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.

Rhoda Metcalfe


Rhoda Metcalfe is an independent journalist and audio producer. Her reporting on the armed conflict in Colombia in the late 90s, as well as her work in Egypt, Turkey and South Africa has won several awards. She now produces podcasts and radio features from Washington DC and is a regular contributor to the IMF Podcast program.