The head of the International Monetary Fund (IMF), Kristalina Georgieva, says that despite some signs of improvement, the world economy continues to face challenges, a second wave of the corona virus could follow, and governments must continue their aid programs.
According to the French news agency AFP, in a message before the meeting of the finance ministers of the G20 countries in Saudi Arabia, Kristalina Georgieva said that the world economy has "slowly started to strengthen" but we are not out of danger yet. Are
Last month, the IMF cut its growth forecast and now expects the lockdown to bring global GDP to 4.9 percent, contrary to previous estimates, and only for next year. Only modest recovery will be possible.
"The G20 countries have provided a 11 11 trillion aid package to avoid a worsening situation, and it should be maintained as needed and increased in certain circumstances," Kristalina Georgieva wrote in her blog. '
He also mentioned issues such as sick leave, access to health care and unemployment insurance in addition to paying low-income families.
The head of the IMF warned that "the recovery of the economy is in jeopardy, the second wave of the disease could create more obstacles."
"The level of large and rising debt is a matter of concern," he acknowledged.
"Clearly, we have entered a new phase," she said. Sustainable and shared rehabilitation requires rapid policy change and further action.
"Many workers have lost their jobs during the epidemic and may not be able to get them back, so these workers need support and training to move into new fields.
In short, the Corona virus epidemic is expected to increase poverty and inequality, the IMF chief said. "In the current situation, there is an opportunity for policy makers to make the world better, greener and more equitable," he said.
