WASHINGTON (Reuters) The International Monetary Fund estimates that synchronized investment in infrastructure by Group of 20 major economies could boost global output by nearly 2% by 2025, a senior IMF official said on Tuesday.
Deputy Managing Director Antoinette Sayeh told the Rome Investment Forum the global economy had begun to climb back from the depths of the COVID-19 crisis, but a resurgence in infections was delaying the recovery and setbacks were possible.
She said it was vital to bring the health crisis under control through international investment in vaccines, continue fiscal support to prevent cascading bankruptcies, and boost investment in green and digital infrastructure.
G20 investment can boost global GDP
IMF official says infrastructure spending may lift output by nearly 2% by 2025
Reuters
December 16, 2020
WASHINGTON:
The International Monetary Fund (IMF) estimates that synchronised investment in infrastructure by Group of 20 major economies could boost global output by nearly 2% by 2025, a senior IMF official said on Tuesday.
Deputy Managing Director Antoinette Sayeh told the Rome Investment Forum the global economy had begun to climb back from the depths of Covid-19 crisis, but resurgence in infections was delaying the recovery and setbacks were possible. She said it was vital to bring the health crisis under control through international investment in vaccines, continue fiscal support to prevent cascading bankruptcies, and boost investment in green and digital infrastructure.
Keynote Speech at the Rome Investment Forum 2020 imf.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imf.org Daily Mail and Mail on Sunday newspapers.
COPENHAGEN
Arctic security could be destabilised by power rivalry between US, Russia, China. The growing interests and presence of Russia, China and the US in the Arctic have a destabilising effect on the region’s security, according to the annual risk assessment conducted by the Danish Defence Intelligence Service (DDIS). Read more.
///
BERLIN
CDU party conference to go fully digital. After delays and debates around the format, the Christian Democrat Union (CDU) party will meet entirely virtually to decide on a new leader in mid-January, following a formal decision from the party’s executive committee on Monday. Read more.
///
PARIS
EU funds could be expected in late spring or summer, European Commissioner for Economy and former Italian Prime Minister Paolo Gentiloni told the Rome Investment Forum 2020 in reference to the Next Generation EU fund, adding that “the final decision was made last week, so the funds will arrive in late spring or summer.”
“The initial idea was to have a first approval of the plan in late spring, so that we could disburse the first €20 billion for Italy”, the former PM told participants at the event organised by Italy’s Banking, Insurance and Finance Federation (FeBAF)
“No one is late on the EU Recovery Fund”, said Gentiloni. “We have received a draft proposal from the member states and I’m sure we’ll have a draft and then the final proposal from them by January”, he added.