Intergovernmental Group Of Twenty-Four On International Monetary Affairs And Development - Chaired By Ali Salehabadi, Governor Of The Central Bank Of The Islamic Republic Of Iran
<p><span>1. The global economy is recovering from the pandemic amidst an uncertain path. Growth in per capita incomes of advanced countries and many emerging and developing economies (EMDEs) continue to diverge, largely driven by uneven vaccine access, fiscal space and financial capacity to respond to the crisis. After severe output losses due to the pandemic, growth in the near term in many EMDEs is improving largely due to increasing domestic demand and higher commodity prices. Multiple social and economic challenges – food insecurity, increasing inequality, persistent ...