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IMF den kritik faiz uyarısı
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El FMI asiste a Panamá para salir de lista gris de blanqueo de capitales del GAFI
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Saudi Arabia on Tuesday called on richer countries to do more to help reduce the debt burden of low-income countries hurt by the pandemic, as the kingdom reviews a separate initiative to procure additional Covid-19 vaccines for poorer nations, its finance minister said.
“If I was in the shoes of one of those 73 [low-income] nations, or even beyond, I would want to see more action from wealthier nations,” Mohammed Al Jadaan, who is also the country’s acting minister of economy and planning, told the World Economic Forum.
“I would like to see debt reduction, I would like to see debt forgiveness,” he said during the online Davos Agenda event.
Abebe Selassie, director of the IMF s Africa department. REUTERS/Afolabi Sotunde
The International Monetary Fund (IMF) has proven an unlikely countervailing force to the disrepair of international institutions exposed by the pandemic and worsened by nationalism and populism.
By Patrick Smith
For decades, the IMF had been excoriated for its loans conditional on fiscal austerity policies and adopting “one-size fits all” measures resulting in reductions to health, education and other social expenditures.
Yet in 2020 as the pandemic ripped through economies destroying jobs, closing down businesses and up-ending budgets, the IMF led the international financial response particularly in Africa, Latin America and Asia.