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World Bank/IMF: Committee says COVID-19 pandemic causing economic shock, others

World Bank/IMF: Committee says COVID-19 pandemic causing economic shock, others
On
BY Peter Egwuatu
The Development Committee of World Bank Group , WBG and International Monetary Fund, IMF on Friday said that the coronavirus, COVID-19 pandemic has caused an unprecedented public health, economic, and social crisis, threatening the lives and livelihoods of millions.
The Committee stated this at the ongoing World Bank /IMF 2021 virtual Spring Meeting.
According to a communiqué from the Committee: “The economic shock is increasing poverty, worsening inequalities, and reversing development gains. As the global economy begins a gradual recovery, uncertainty surrounds near- and medium-term prospects. We call for sustained, differentiated, and targeted financial and technical support for an adequate policy response, strong coordination across bilateral and multilateral organizations, and further support to the private sector. ....

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World Bank/IMF Spring Meetings 2021: Development Committee Communiqué

World Bank/IMF Spring Meetings 2021: Development Committee Communiqué
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Zambia risks climbing the list of IMF addicts

Zambia risks climbing the list of IMF addicts
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