The associated lockdowns, restrictions and continued uncertainty have caused investments, trade, and remittance flows to plummet, eroded jobs and human capital, kept children out of school, and pressured food and medical supply chains, it said.

The monetary institutions warned that the humanitarian crisis can further exacerbate fragility, conflict, and violence as well as intensify risks, including in small island states. The economic crisis is threatening the lives and livelihoods of vulnerable populations, including women-led households, youth and the elderly, refugees and displaced people.

Boeing’s 737 Max declared safe to fly by Europe’s aviation regulator

Oct 16, 2020

Boeing’s 737 Max declared safe to fly by Europe’s aviation regulatorEurope’s top aviation regulator said he’s satisfied that changes to Boeing Co.’s 737 Max have made the plane safe enough to return to the region’s skies before 2020 is out, even as a further upgrade his agency demanded won’t be ready for up to two years.

Vaccine cooperation, recovery could boost global income $9 trillion by 2025, IMF chief says

Oct 16, 2020

Equitable and affordable access to COVID-19 therapeutics and vaccines globally will be key to avoiding long lasting scars on the world economy, the IMF’s International Monetary and Financial Committee said in its statement.

G7 officials vow to fight ransomware attacks; say stablecoin needs regulation

Oct 16, 2020

“The G7 continues to maintain that no global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements through appropriate design and by adhering to applicable standards,” the statement said.

Stablecoins are tied to a traditional currency or basket of assets, and used for payments or for storing value.

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