![]() IMF lending gives countries breathing room to adjust policies in an orderly manner, paving the way for a stable economy and sustainable growth. The IMF responded with unprecedented financial assistance to help countries protect the most vulnerable and set the stage for economic recovery.Ĭrises can take many different forms. The COVID-19 pandemic was an example of external shock affecting countries across the globe. Even countries with sound fundamentals can be severely affected by economic crises and policies elsewhere. With globalization, sudden changes in market sentiment can result in capital flow volatility. Both are common causes of crises, especially for low-income countries. Political instability and weak institutions also can trigger crises.Įxternal factors include shocks ranging from natural disasters to large swings in commodity prices. They can be domestic, external, or both.ĭomestic factors include inappropriate fiscal and monetary policies, which can lead to large current account and fiscal deficits and high public debt levels an exchange rate fixed at an inappropriate level, which can erode competitiveness and result in the loss of official reserves, and a weak financial system, which can create economic booms and busts. We’re just heartbroken, so heartbroken.The causes of crises are varied and complex. "We are struggling to know what happened, and why it happened. ![]() "We’re just we’re struggling right now," Gina said. Parents often aren't alerted about what's happening with their children because most university students are over 18 and considered adults, but the Meyers feel they missed a chance to potentially save their daughter if they only knew about what she was going through. The Meyer family hopes to start a conversation about opening up communication between parents and college administrators. "I’m wearing it because it just feel I want to be close to her." "I know it’s going to sound crazy, but every mom is going to understand this, but when you smell it, it smells her, it smells like Katie, just her scent," Gina said as she cried. Katie wore it in a social media post just last week. Gina Meyer wore a cardinal red sweatshirt of Katie's during the interview on TODAY just to feel close to her daughter. "She just lived life to the fullest always," former teammate Naomi Girma said. Gina and Steve Meyer now wonder if the combined pressure of school and sports was too much for their daughter. We as a university community continue to grieve with Katie’s family and cherish our memories of her." We are not able to share information about confidential student disciplinary matters. "Our entire community is devastated by Katie’s death, and we share our deepest condolences with Katie’s family and everyone who knew her at Stanford, across the country and around the world. Stanford University issued a statement to TODAY regarding the Meyers' belief that their daughter potentially faced discipline by the school. This letter was kind of the final letter that there was going to be a trial or some kind of something. This is the only thing that we can come up with that triggered something." "She had been getting letters for a couple months. ![]() "We have not seen that email yet," Gina said. "Katie, being Katie, was defending a teammate on campus over an incident and the repercussions of her defending that teammate (were possibly resulting in disciplinary action)," Steven Meyer said on TODAY. In their search for answers over Katie's death, the couple said they believe she received an email regarding a potential disciplinary action from the university.
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