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Central banks looking for innovative strategies to support quick recovery from coronavirus – IMF - Vimarsana News

Central banks looking for innovative strategies to support quick recovery from coronavirus – IMF

Logo of IMF Many central banks are going back to the lab, reviewing their frameworks to identify innovative strategies and tools that will support the recovery from this crisis and beyond, Kristalina Georgieva, the International Monetary Fund (IMF) Managing Director, has said in her Opening Remarks during a forum on ‘New Policy Frameworks for a Lower-for-Longer World’ last week. She explained that the abrupt collapse inactivity caused by COVID-19 brought unemployment back in focus — and added to it the risk of skill deterioration, and an increase in poverty. This, according to her, puts...