Rich countries must aid poor over Covid-19: Georgieva

IMF chief warns of future financial instability and calls for major aid flows to developing world

Kristalina Georgieva
IMF Photo/Cory Hancock

The Covid-19 pandemic could dramatically boost economic inequality worldwide unless there is greater international co-ordination, Kristalina Georgieva said in a speech on February 24.

Uneven access to vaccines and inadequate fiscal support are likely to increase the divide between advanced and emerging economies, the International Monetary Fund managing director said. “There is a major risk that as advanced economies and a few emerging markets recover faster, most developing countries will

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