IMF formalises strategy on ‘social spending’

Christine Lagarde
IMF managing director Christine Lagarde

The International Monetary Fund has published a formal strategy for its engagement with social spending, in a sign of the growing importance of issues such as inequality in its work.

Speaking as the new strategy was unveiled on June 14, IMF managing director Christine Lagarde listed the many ways in which social spending matters, “as we are bombarded by new challenges”.

Social spending was a way to tackle the ageing of populations, the effects of technology on work and wages, rising inequality

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