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The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva; the Director-General Chairman of the Board of the Arab Monetary Fund, Mr. Abdulrahman Al Hamidy; Director of ASEAN+3 Macroeconomic Research Office (AMRO), Mr. Toshinori Doi; the Managing Director of the Eurasian Fund for Stabilization and Development (EFSD), Mr. Andrey Shirokov; the Deputy Director-General for Economic and Financial Affairs of the European Commission (EC), Mr. Declan Costello; the Managing Director of the European Stability Mechanism, Mr. Klaus Regling; the Executive President of Latin American Reserve Fund (FLAR), Mr. José Darío Uribe; and the co-chair of the G20 International Financial Architecture Working Group (G20 IFA WG), Mr. Guillaume Chabert, held a teleconference and reported on efforts taken by their institutions to forcefully address the impacts of the COVID-19 outbreak on the global economy.

During the meeting, the heads of the institutions stressed the urgent need for combined, multilateral efforts to face the extraordinary human and economic crisis caused by the pandemic.