IMF chief says estimates suggest up to 100 million people may be pushed into extreme poverty (File)
Washington:
Governments around the world have spent $ 10 trillion on tax dollars to respond to the new coronavirus pandemic and its economic downturn, but more work is needed, the head of the International Monetary Fund said on Thursday.
IMF Managing Director Kristalina Georgieva said new estimates suggest that up to 100 million people may be plunged into extreme poverty due to the crisis, and that additional spending should focus on reducing job losses and preventing an increase in inequality.
To promote a more inclusive recovery, investments should focus on improving access to health care and education, strengthening climate protections and expanding access for low-income households and small businesses with financial products and technologies, she wrote in a new blog on the IMF website. .
(With the exception of the title, this story was not edited by GalacticGaming staff and is published from a syndicated feed.)
