Global Trade

Cautious against IMF President Georgiava Corona Virus pandemic

Stating that the crisis caused by the new type of coronavirus (Kovid-19) epidemic, the International Monetary Fund (IMF) President Kristalina Georgieva said, “New estimates suggest that nearly 100 million people worldwide may fall into extreme poverty and reduce poverty in the last 3 years. It shows that it can delete all the gains made against. ” used the expression.

Georgieva wrote a blog post on the global economy and inclusive economic recovery.

Stating that the Kovid-19 crisis affects the most vulnerable segments more, Georgieva said, “This disaster could lead to a significant increase in income inequality.” found the assessment.

“The new estimates show that close to 100 million people around the world can fall into extreme poverty and erase all gains in poverty reduction over the past 3 years,” said Georgieva, pointing out that the crisis could jeopardize gains in development, from education to poverty reduction. used the expression.

Emphasizing that policy makers must do everything they can to promote a more inclusive economic recovery, Georgieva said that low-income households are facing greater health risks from the virus.

Indicating that this group carries the burden of unemployment, Georgieva noted that they are less likely to benefit from distance education.

Reminding that governments around the world are taking extraordinary policy measures, Georgieva said, “The amount of financial action globally implemented so far is $ 10 trillion. However, given the seriousness of the crisis, significant additional efforts are required.” found the assessment.

Georgieva stressed that access to opportunities is more critical than ever to prevent permanent increases in inequalities.

Referring to 3 priorities in this context, Georgieva underlined the need to use financial incentives wisely, strengthen the new generation through education and make use of the power of financial technologies.

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