However, he also said that there will be 150 countries in the world that cannot restore the level of economic development within this year. Even next year, there will still be more than 100 countries unable to restore their economies to the level before the outbreak. Moreover, he pointed out that no matter when the epidemic is controlled, many countries will leave profound sequelae, social inequality will increase, the income level of some low-income people will also be affected, and the employment rate of women and young people will also decline. These inequalities may take longer to make up.
Finally, the managing director of the International Monetary Fund pointed out that it is urgent to provide relief to the unemployed before the economic recovery, and at the same time provide them with training and learning opportunities to ensure that they can better achieve employment. At the same time, the government should also increase investment in green economy and environmental protection, which will create more employment and development opportunities around the world. Otherwise, the economy will collapse before the epidemic subsides.
References:
The International Monetary Fund (IMF) was established in Washington, D.C. on February 27th, 1945 according to the IMF Agreement signed at the Bretton Woods Conference in July. Established at the same time as the World Bank and listed as the two largest financial institutions in the world, their duties are to monitor the currency exchange rates and trade conditions of various countries, provide technical and financial assistance, and ensure the normal operation of the global financial system. Its headquarters is in Washington, DC. What do we often hear? Special drawing rights? It was founded by this organization on 1969.
The International Monetary Fund issued its official bulletin on the morning of April 6, 20 15. In the communique, IMF Managing Director Lagarde confirmed that Greece had agreed to repay the IMF loan due on April 9, 20 15.