WASHINGTON, United States — The global economy faces a hard road back from the Covid-19 downturn, and nations should remove trade barriers on medical technologies to aid the recovery, the IMF chief said on Thursday.
The call from Managing Director Kristalina Georgieva ahead of this week’s G20 leaders summit comes as countries grapple with the fallout from a pandemic that has killed hundreds of thousands and caused a sharp contraction in growth.
“While a medical solution to the crisis is now in sight, the economic path ahead remains difficult and prone to setbacks,” Georgieva said in a blog post.
Major pharmaceutical companies are now closing in on vaccines against the virus, a…
Keep on reading: Global economic recovery from Covid-19 ‘remains difficult’ — IMF