IMF’s Georgieva says G20 should synchronize investments to achieve faster growth By Reuters


© Reuters. Paris Peace Forum at Elysee Palace in Paris

(Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Thursday called on G20 countries to synchronize their investments to rebuild from the coronavirus pandemic, saying this would achieve a stronger growth outcome at less cost.

Speaking at the Paris Peace Forum a day before G20 finance leaders hold a virtual meeting on Friday, Georgieva said countries needed to take advantage of idle investment capacity, available fiscal space and very low interest rates to boost jobs and growth and reduce economic inequality.

“If the G 20 countries, move together, invest together at the same time…They would spend a third less to achieve the same output goal,” Georgieva said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here