IMF head advocates more spending globally amid pandemic
- Country:
- Russia
Policymakers worldwide should embrace more spending to help breathe life back into their stuttering economies, the head of the International Monetary Fund said on Friday at Russia's annual economic forum.
"In terms of policies for right now, very unusual for the IMF, starting already in March I would go out and I would say: 'please spend'. Spend as much as you can and then spend a little bit more," Managing Director Kristalina Georgieva said.
ALSO READ
-
Inside Russia’s SMR School, Where Nuclear Experience Shapes Future Energy Decisions
-
Colombia's IMF Gamble: Can Fiscal Reform Restore Confidence Without Sacrificing Economic Growth?
-
WTO Sets Up Panel on EU Carbon Border Rules as Russia Challenges Restrictions
-
From Market Access to Market Power: What African Firms Need to Capture AfCFTA’s Trade Gains
-
Too Many Homes, Too Little Spending: Inside China’s Deepening Housing and Consumption Divide
Google News