WASHINGTON – Warning that the recovery from the pandemic is not over, the IMF on Thursday called on policymakers to continue to spend money to shore up the global economy and ensure no country is left behind.
Without that aid, and additional financing from the Washington-based crisis lender, developing nations and the poor in many countries could face a lengthier bounceback from the downturn caused by Covid-19, the International Monetary Fund said at the conclusion of its spring meeting.
The continued support is needed to “mitigate and heal economic scars,” IMF managing director Kristalina Georgieva told reporters.
“We want to make sure everybody has a fa…
Keep on reading: IMF warns more funding needed to safeguard global economy