The International Monetary Fund set aside more than $ 49 billion to be given to low-income countries in a bid to cushion them against the socio-economic impacts of COVID-19 .
On 4 March , stock markets in Asia-Pacific and Europe continued mostly rising ( with the KOSPI alone rising by 2 percent ) , while the Bank of Canada announced a 50 basis point cut to its overnight rate , and International Monetary Fund Managing Director Kristalina Georgieva announced a $ 50 billion emergency credit-line program to assist low-income and emerging market countries with policy responses to the epidemic .
Socio-economic impact of the 2019–20 coronavirus pandemic