IMF Prime Minister Cristalina Georgieva said it would be important to accelerate the pace of vaccination around the world not only to contain the coronavirus pandemic, but also to resolve the surge in speed that hinders the recovery of the global economy. rice field.
Financial officials gathered at the Washington-based Crisis Lenders’ Annual Meeting flagged concerns about supply chain bottlenecks pushing up prices.
These turmoil are the unprecedented situation caused by the pandemic, the sharp recovery in demand as the economy resumes, and the difficulty in hiring workers in a new infection with a delta variant of the coronavirus. It arises from what you did.
However, Georgieva said that the “more fundamental problem” is the difference between “countries that are making stronger progress and those that are behind”, mainly due to the significant decline in vaccination rates in low-income countries. He said it was expanding.
“A very clear message came out of the conference that vaccination of the world is important,” she told reporters.
Approximately 96 percent of the population of low-income countries is unvaccinated while developed countries are beginning to offer booster shots.
Members of the International Monetary Fund “call for strong international cooperation and immediate action to achieve universal immunization,” said Swedish Treasury Minister Magdalena Anderson, who chaired the IMF’s Steering Committee. ..
Georgieva reiterated the fund’s view that inflationary pressures are almost temporary, but the Commission takes action when central banks monitor prices carefully and “concrete” risks become apparent. Emphasized.
In its conclusion statement, the Commission recognized the risks to recovery, emphasized the need for “immediate action” on vaccination, and addressed the crisis exacerbating poverty.
Members also reiterated their pledge to “extend financial assistance to needy countries.”
This includes the shift of funds from newly issued IMF reserves ($ 650 billion in special drawing rights) to the countries in need. Georgieva said her $ 100 billion goal is “very achievable.”