IMF chief urges G20 leaders to maintain policy support as global economy “not out of the woods”

Source: Xinhua| 2020-11-23 04:30:20|Editor: huaxia

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks at an event hosted by Peterson Institute for International Economics in Washington, D.C., the United States, on Jan. 17, 2020. (Xinhua/Liu Jie)

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.“There must .be no .premature .withdrawal. It is also time now to prepare for a synchronized green and digital infrastructure investment push to invigorate growth, to limit scarring, and address climate goals,” she says.

WASHINGTON, Nov. 22 (Xinhua) — International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Sunday urged the Group of 20 (G20) leaders to maintain policy support and reinforce the economic bridge to recovery as the global economy is “not out of the woods.”

“I commended the G20 countries as a whole for taking unprecedented actions to mitigate the impact of COVID19 –including fiscal and monetary measures — that have helped to prevent massive bankruptcies and an even deeper crisis,” Georgieva said in a statement following a virtual meeting of G20 Leaders’ Summit hosted by Saudi Arabia.

“I also emphasized that the world is not out of the woods yet in terms of this crisis. Cooperation is going to be even more important going forward,” Georgieva said, urging G20 leaders to maintain macroeconomic policy support to businesses and workers “until we exit the health crisis.”

Photo taken on Nov. 19, 2020 shows the media center of the Group of Twenty (G20) in Riyadh, Saudi Arabia. (Xinhua/Tu Yifan)

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