IMF urges governments to borrow to fight impact of Covid-19

IMF says more must be done to tackle rising poverty, unemployment and inequality despite record public debts

Governments will need to step up their efforts to fight the pandemic and the global economic downturn despite public debts reaching record levels, according to the International Monetary Fund.

In a clear message to rich countries that they should continue to borrow cheaply to limit the damage from the virus, the Washington-based lender of last resort said: “More needs to be done to address rising poverty, unemployment and inequality, and to foster the economic recovery.”

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