IMF reiterated that the protest in the country is not just against police brutality, but also unemployment and poverty.
The world economy is now projected to fall by 4.4% in 2020.
IMF boss predicts that African countries will experience a financing gap to the tune of $345 billion through 2023.
The World Bank said that the pandemic has put a decade of hard-won economic progress at risk.
The world economy has ended up performing better than the International Monetary Fund had envisaged in Q2 and Q3.
The IMF had earlier noted that the Nigerian economy would witness a deeper contraction of 5.4%.
Before joining the IMF, Ogada worked at the United Nations Conference on Trade and Development.
Before Arezki joined the World Bank, he worked at the International Monetary Fund (IMF).
IMF's data showed that global reserves dipped to $11.731 trillion from $11.824 trillion in Q4 2019.
IMF warns that the reductions in GDP due to COVID-19 will widen inequality.