"The crisis caused by the Covid-19 epidemic has entered a new stage that requires flexibility to secure a lasting and just recovery," the International Monetary Fund Director Cristinaina Georgieva confirmed, warning that "the world has not overcome the crisis yet."
Georgieva listed the priorities, which are to maintain social protection measures if not expand them, and continue to spend public money to stimulate the economy. Among the priorities also, Georgieva also emphasized "the need to take advantage of the opportunity, which is available only once in a century, which is to rebuild a world that is more just, environmentally friendly, sustainable and intelligent, especially more resilient."
Georgieva pointed out that "we have not yet overcome the crisis, as a second global wave of the epidemic could cause new disturbances in economic activity", pointing out that there are other risks that include the distorted value of assets, volatile commodity prices, increasing global protection and political turmoil, considering that these alternative scenarios signify the uncertainty that remains exceptionally high."
She also revealed decisive progress in the search for vaccines and treatments that could stimulate confidence and economic activity.
Source (Al-Arabiya.net website, Edited)
