What the IMF can do now to confront COVID-19 SIEPR policy brief Toloui, Ramin, author. Coronavirus Infections -- economics Economic Recession Pandemics -- economics Key Takeaways. (1) Forceful actions by the IMF and World Bank are imperative to address the worst global economic shock since the Great Depression. (2) A new IMF Systemic Liquidity Facility could provide $100-200 billion in critical financing to cushion the blow to vulnerable emerging markets. (3) By calibrating borrowing limits on a sliding scale proportional to credit risk, such a facility could disburse funds rapidly, equitably, and at scale. (4) Rapid action commensurate with the emergency can limit unnecessary collateral damage, making the larger job of stabilization and recovery easier. Stanford, CA : Stanford Institute for Economic Policy Research (SIEPR), April 2020 Stanford Institute for Economic Policy Research, issuing body. Technical Report Text Illustrations 1 online resource (1 PDF file (2 pages)) nlm:nlmuid-101772295-pdf 101772295 http://resource.nlm.nih.gov/101772295 English United States Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY-NC-ND license. https://creativecommons.org/licenses/by-nc-nd/3.0