The International Monetary Fund says policymakers must put "wartime" economic measures in place to ensure global stability. It's the latest warning from the organization that's trying to keep economies afloat with emergency funds. 

The doors of the International Monetary Fund's headquarters in Washington, D.C. are closed. They have been for the last two weeks after two staff tested positive for COVID-19. 

But the organization is still keeping the world funded during these extraordinary times. Teams are working from home to ensure countries maintain enough liquidity to function properly. 

"A key concern about a long-lasting impact of the sudden stop of the world economy," Managing Director of the IMF Kristalina Georgieva said, adding "It's the risk of a wave of bankruptcies and layoffs that not only can undermine the recovery but can erode the fabric of our societies."

The IMF has pledged that no one should die from coronavirus due to lack of funding. It has already made 50 billion U.S. dollars available to help low income countries and emerging markets. Georgieva said the Fund "stands ready" to use its one trillion U.S. dollars' lending capacity to help all those who need it. 

"Over 80 countries have placed requests and more are likely to come," sid Georgieva. "And normally we will never have had more than a handful of requests at any one time."

Like so many other conventions around the world the IMF has had to change its annual Spring Meetings to a virtual setting. It decided to go ahead with the event online to ensure countries' economies remain as stable as possible. 

To achieve that stability the IMF's Director of the European Department Poul Thomsen said loans must be paid off to aid long-term recovery. "We know from past crises: The problem is that if somebody loses its job for a long time, they lose skills and have difficulty coming back into the labor market. We know if non-performing loans are allowed to build up on a large scale, it impairs households and banks and financial institutions' balance sheets and that will be a drag on the recovery also."

The lender said a combined strategy is vital: containment must go hand-in-hand with strengthening health care systems. The IMF also argues that putting recovery plans in place now will enable economies to pick up once the health crisis is over. 

The organization is predicting a global recovery in 2021. But it says for that to happen, countries must prevent liquidity problems now that would lead to a much longer-lasting collapse of industries and labor markets.