The world must stimulate the global economy jointly and in a coordinated manner, as it did during the 2008 crisis, to deal with the effects of the new coronavirus pandemic, said IMF chief Kristalina Georgieva. And emerging markets face massive capital flight, so they will also need support, she added in a blog.
The state mining company Codelco has launched a plan that has three lines of action to deal with the Coronavirus in the country. Among the measures are the restriction of corporate travel abroad and also established a corporate medical board with other companies and authorities in the sector. Mining is the most dynamic sector of the Chilean economy, with exports reaching $5.7 billion in 2019.
The Manufacturers' Association (Sofofa) warned of the economic effects of the spread of the coronavirus (Covid-19) in Chile and urged private companies to minimize the risk of infection among workers. The business association called for labor flexibility measures and assured that "it is time to add economic reactivation measures to the social agenda that will allow its sustainability," among other recommendations.
The state oil company ENAP has begun to reinforce its stocks, seeking to increase its inventories in case the Coronavirus continues to spread. Thus, to avoid a shortage of supplies for the population, some days ago it began international purchases, through the additional import of fuel which would begin to arrive this week at the country's ports.
Walmart Chile said it is strengthening the logistics, supply and operation of its stores in the country in order to respond to the explosive increase in demand due to the Coronavirus outbreak. Regarding workers, Walmart said it has requested that its employees who have been in Asian or European countries with high circulation of Covid-19 follow the protocols and recommendations established by the Ministry of Health. All national and international business trips were also cancelled and meetings and face-to-face events for more than 20 people were suspended.