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SYDNEY and KUALA LUMPUR, Aug 3 2021 (IPS) - Hopes for an inclusive global economic recovery are fast fading. As rich countries have done little to ensure poor countries’ access to vaccines and fiscal resources, North-South “fault lines” will certainly widen. Enhancing relief, recovery, transformation While the International Monetary Fund (IMF) has revised rich countries’ recovery prospects upward, the United Nations (UN) notes formidable challenges, especially for developing countries, due to the pandemic. Anis ChowdhuryThe UN warns of more setbacks for the Sustainable Development Goals (SDGs), already behind schedule before the pandemic. Grim recovery prospects have been worsened by debt distress and dramatic drops in investment and trade.

Kuala lumpurSolomon islandsNew south walesSouth koreaSouth koreanAnis chowdhuryJomo kwame sundaramBanker industrial development companyDevelopment aidEuropean central bankCentral bankEuropean commissionSustainable development goals sdgsCorporation for industryWhile the international monetary fundFinancial crisis