Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

'Spend as much as you can': IMF head urges governments worldwide amid pandemic

by REUTERS

MOSCOW Jan 15, 2021 - 6:35 pm GMT+3
Pedestrians pass by the International Monetary Fund headquarters building in Washington, D.C., May 15, 2011. (AP Photo)
Pedestrians pass by the International Monetary Fund headquarters building in Washington, D.C., May 15, 2011. (AP Photo)
by REUTERS Jan 15, 2021 6:35 pm
RECOMMENDED
People ride electric scooters on a street in Beijing, China, 27 March, 2023. (epa photo)

World Bank warns of 'lost decade' of growth on China-led slowdown

world-economy

Policymakers worldwide should embrace more spending to help revive their stuttering economies, the head of the International Monetary Fund (IMF) said on Friday at Russia's annual Gaidar economic forum.

Managing Director Kristalina Georgieva did not give any specific economic forecasts, but made clear her desire for governments to up their spending and that a synchronized approach internationally was best for growth.

In 2020, the IMF provided support to 83 countries, she said.

"In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say 'please spend.' Spend as much as you can and then spend a little bit more," Georgieva said.

"I continue to advocate for monetary policy accommodation and fiscal policies that protect the economy from collapse at a time when we are on purpose restricting both production and consumption," she said.

Georgieva praised Russia's synchronized response to the economic challenges created by the COVID-19 pandemic, mentioning both the central bank's monetary easing and fiscal stimulus from the finance ministry.

She also called for more international cooperation, as has been seen in the race for a COVID-19 vaccine, on the push for digital and green growth.

"IMF staff calculated that a coordinated G-20 fiscal stimulus in green infrastructure, if it is done in a coordinated manner, would deliver two-thirds more in growth ... than if each country acts on its own," she said.

RECOMMENDED
People ride electric scooters on a street in Beijing, China, 27 March, 2023. (epa photo)

World Bank warns of 'lost decade' of growth on China-led slowdown

world-economy
  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    economic crisis pandemic covid-19 outbreak coronavirus economy
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Nadia Kahf holds her gavel after being appointed as a judge, in Passaic County Superior Court, New Jersey, U.S., March 23, 2023. (Twitter Photo)

    Muslim woman becomes 1st headscarf-wearing judge in US

    MUSLIMS-IN-US
    A helicopter is seen amid a dust storm at an airport in Deir eI-Zour, Syria, Sept. 15, 2017. (AP File Photo)

    US fails to account for downed PKK helicopter in Iraq

    HELICOPTER-CRASH

    Mr. Biden, thanks, just thanks

    Türkiye-US-RELATIONS

    Turkish drone magnate to unveil sea-based aircraft before test flight

    Defense-industry
    No Image
    Postcards from Greenland as climate change melts glaciers
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021