Original Title: The President of the International Monetary Fund calls on all countries to work together to achieve a balanced recovery of the global economy Source: CCTV News Client
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On the 5th local time, at the G20 think tank meeting held in Milan, Italy, IMF President Georgieva said in a video speech on the current world economic situation that the new crown epidemic is still not over, and the global economic recovery is facing Imbalances, inflation and debt risks. Countries should work together to vigorously promote global vaccination, adjust fiscal policies, and accelerate economic transformation to ensure a strong and balanced recovery of the world economy and create a better world.
Georgieva said that the upcoming annual meeting of the World Bank Group and the International Monetary Fund will focus on addressing the issues of global vaccination and uneven economic growth. These issues have brought huge challenges. Countries should take decisive actions at the domestic and multilateral levels to increase the provision of vaccines to developing countries, adjust fiscal policies according to national conditions, and accelerate reforms for economic transformation.
In addition, Georgieva said that the International Monetary Fund will continue to provide financial support to member countries, by providing new financing, debt relief and special drawing rights allocation to help member countries boost confidence and reduce borrowing costs. During the COVID-19 pandemic, the International Monetary Fund has provided 87 countries with US$118 billion in new financing. Approximately US$275 billion of the US$650 billion in special drawing rights provided in August this year went to emerging and developing countries. (Headquarters reporter Yin Xin)
(Edited by Li Xia)
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