IMF urges infrastructure investment to boost post-Covid growth | Malay Mail

📆 06/10/2020 10:04 م
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WASHINGTON, Oct 6 — The International Monetary Fund yesterday said member governments should seize a low interest rate opportunity to invest in infrastructure to drive recovery from the coronavirus pandemic and a shift toward greener energy. The IMF said in chapters from it fiscal monitor that...

The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington April 21, 2017. — Reuters pic

The full Fiscal Monitor will be presented at the IMF and World Bank annual meetings, which get underway next week and will provide an updated assessment of the pandemic's effect on the global economy. He added that “low interest rates globally also signal that the time is right to invest” despite the Fund's frequent warnings about a massive buildup of debt in developing countries.

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Public investment is key to Covid-19 recovery, says IMFCrisis lender estimates two to eight jobs are created for every US$1 mil spent on traditional infrastructure. FMTNews Covid19 IMF
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