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Home » IMF expressed concern over the new variant of Corona, said – this will hurt the global economic recovery
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IMF expressed concern over the new variant of Corona, said – this will hurt the global economic recovery

Shehnaz AliBy Shehnaz AliOctober 15, 2021Updated:October 15, 2021No Comments2 Mins Read
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IMF retained the growth rate forecast for the Indian economy, expressed concern only on the inflation front
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Universal vaccination needs to be accelerated.

The International Monetary Fund (IMF) said on Thursday that the emergence of new variants of the corona virus has increased uncertainty, which threatens to affect the pace of recovery of the global economy. The IMF said in a statement after the conclusion of its annual meeting, “The emergence of variants of the virus has increased uncertainty and increased risks in the path of revival.” Union Finance Minister Nirmala Sitharaman, among others, in this meeting said. also participated.

The IMF said, “The crisis is exacerbating poverty and inequalities, while on the other hand climate change and other common challenges are increasing pressures that require our immediate attention.” There is a need to accelerate universal immunization to prevent this, and in such a situation, international cooperation and immediate action were emphasized.

Poverty and inequality have increased

At a press conference later, Sweden’s Finance Minister Magdalena Andersson, who chaired the meeting, said the pandemic had exacerbated poverty and inequalities globally. He said the meeting emphasized strong international cooperation and immediate action for universal immunization.

Climate change needs attention

Andersen said that meanwhile the pressure due to climate change is also increasing and it needs immediate attention. The meeting made a strong commitment to further accelerate climate action in line with the Paris Agreement. Meanwhile, the IMF has warned of growing threats to the global economic revival and the dangers posed by the current coronavirus pandemic and the outbreak of inflation.

Help rich countries get vaccinated in poor countries

The global agency called on wealthy countries to do more to speed up coronavirus vaccination in poor countries, and urged the Federal Reserve and other central banks to act quickly if current inflationary pressures do not prove to be temporary. Take measures to prevent it. In its statement, the IMF expressed concern about the wide gap in vaccination rates between rich and poor countries.

Also read, Trade deficit reached record high in September, although exports jumped by about 23 percent

Also read, Cryptocurrency Prices: The fall in the prices of bitcoin, slipped below $ 58 thousand

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Shehnaz Ali
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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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