An unprecedented 102 of the IMF's 189 member countries are seeking assistance from the organisation as the pandemic tears apart the global economy.
Australia is facing its biggest economic hit since 1930 with warnings from the IMF the nation won't fully recover until at least 2022.
Six months of payments have been cancelled for 19 African countries,Afghanistan,Haiti,Nepal,Solomon Islands,Tajikistan and Yemen.
Kristalina Georgieva says the coronavirus outbreak has turned what had been expected to be a solid year of growth into a deep downturn.
The IMF says the coronavirus pandemic will cause a global recession in 2020 that could be"at least as bad as during the global financial crisis or worse."
The International Monetary Fund has warned about Sydney and Melbourne house prices while backing tax reform to help make homes more affordable.
IMF chief Kristalina Georgieva says it's hard to know just how hard the global economy will be hit by the coronavirus.
The US alleges China wants"control over the 15 specialised agencies of the UN". It already has leadership of four of those,while no other country leads more than one.
The IMF has mapped out a plethora of risks facing the global economy,cautioning that the coronavirus could derail a projected recovery in 2020.
The doom and fear that once dogged Davos this year gave way to intelligent debate and even some rare optimism.
The US President also avoided any provocative language on disputes with Europe and China,suggesting trade wars are taking a back seat.