Addressing a news conference at the IMF
headquarters ahead of the annual spring meeting of the IMF
and the World Bank, Gopinath said that these are difficult times in terms of globalisation for dealing with this pandemic.
There has been a restriction on travel of people around the globe. There has been because of the fact that people cannot go to work, the factories, there has been a breakdown of global supply chains, so this is a result of this crisis that we have seen, she said.
But it is very important that this does not become a feature where we reverse all the gains that we have got from globalisation, the IMF Chief Economist said.
The CNN reported that in the race to secure medical supplies, countries ban or restrict exports.
On March 6, Siare Engineering, Italy's only ventilator producer, said all its production is reserved for domestic use after directions from the government.
The European Union on March 15 announced that it was restricting exports
of personal protective equipment, including face shields, surgical masks and gowns.