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IMF right about keeping Covid support going but on debt relief it’s crumbs – The Guardian
Ultra-low interest rates mean wealthy countries can continue to spend, a luxury the poorest cannot afford
Go out there and spend. Dont worry about the build up of debt. You will be making a mistake if you remove support for your economies too soon. Thats the message from Kristalina Georgieva, the managing director of the International Monetary Fund, to finance ministers as they contemplate how to deal with the economic damage caused by Covid-19.
Well, some of them at least. Finance ministers such as Rishi Sunak are certainly getting the green light to spend more. Thats the right advice and it shoul…
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