---
title: Coronavirus COVID-19 wipes $50 billion off global exports in February alone, as IMF pledges support for vulnerable nations
description: The extent of the damage to the global economy caused by novel coronavirus COVID-19 moved further into focus on Wednesday as UN economists announced a likely $50 billion drop in worldwide manufacturing exports in February alone.
---

[NEWSLETTER | World Trade Center Miami ](https://blog.wtcmiami.org/blog)

# [Coronavirus COVID-19 wipes $50 billion off global exports in February alone, as IMF pledges support for vulnerable nations](https://blog.wtcmiami.org/blog/coronavirus-has-disrupted-supply-chains-for-nearly-75-of-us-companies-0-0-0-0-0-0-0)

 Written by [UN News](https://blog.wtcmiami.org/blog/author/un-news) | Apr 21, 2020 7:56:19 PM

The extent of the damage to the global economy caused by novel coronavirus COVID-19 moved further into focus when UN economists announced a likely $50 billion drop in worldwide manufacturing exports in February alone.

In remarks made at a joint press conference with the head of the World Bank Group, the [IMF](http://www.imf.org/external/index.htm) Managing Director, Kristalina Georgieva, said that the UN-backed global funds would make up the shortfall, in effect, by offering to inject around $50 billion into low-income and emerging market nations, pending requests for support.

"Thanks to the generosity of our shareholders, we have about $1 trillion in overall lending capacity", she said. "For low-income countries, we have rapid-disbursing emergency financing of up to $10 billion (50 percent of quota of eligible members) that can be accessed without a full-fledged IMF programme." **[(Read more)](https://news.un.org/en/story/2020/03/1058601)**

 

 

[View full post](https://blog.wtcmiami.org/blog/coronavirus-has-disrupted-supply-chains-for-nearly-75-of-us-companies-0-0-0-0-0-0-0)

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