The Director of the International Monetary Fund, Kristalina Georgieva, indicated today that great uncertainty still surrounds the outlook for the global economy due to the Coronavirus pandemic, considering that the growing inequality between rich and poor countries require the Fund to find more resources.
Georgieva pointed out that "a new distribution of the fund's currency, the special drawing rights will help give countries more financial space to confront the health crisis and transform into a digital and green economy," according to Reuters news agency.
For her part, Swedish Finance Minister Magdalena Anderson, who is the new chair of the International Monetary Fund's Steering Committee, indicated that "it is clear that the need for liquidity is still great," revealing that she will consult with member states on options to increase liquidity.
Source (Al-Arabiya.net website, Edited)
