IMF calls for 'substantial' stimulus, coordination against virus

The new coronavirus epidemic is spreading to the global economy, but international coordination has been largely absent. [AFP/File / GREG BAKER]

The International Monetary Fund called on governments worldwide Monday to join forces and roll out aggressive financial supports for the coronavirus-infected global economy, including direct payments to workers and businesses.

But while several countries have taken steps to cushion the blow to their economies and boost confidence, including the United States, there has been little visible coordination among policymakers like there was at the height of the 2008 global financial crisis.