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A worker disinfects the streets of Cairo. The health crisis has severely hit Egypt’s tourism industry, one of the country's main sources of income. (photo: Xinhua News Agency/Newscom)

Egypt Takes Proactive Approach to Limit the Pandemic’s Fallout

July 9, 2020

As part of Egypt’s two-step request for IMF financing to respond to COVID-19, $5.2 billion was approved under the 12-month Stand-by Arrangement (SBA). Financing under the SBA follows the $2.8 billion approved in May under the IMF’s Rapid Financing Instrument.

Six Charts on Myanmar's Economy in the Time of COVID-19

July 7, 2020

A frontier economy, Myanmar experienced rapid growth as it opened up in the 2000s, with GDP growth rates among the highest in Asia. However, growth had already been slowing when the coronavirus shock hit in early 2020.

Paraguay Beats the Pandemic and Seeks New Growth

July 2, 2020

Paraguay acted forcefully against COVID-19 and succeeded in containing the pandemic with very few cases and casualties. But the economic impact has been harsh: GDP is forecast to shrink 5 percent this year. As it seeks to revive growth, the country is also undertaking reforms to improve governance and business climate.

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