More synchronized action needed: IMF

Washington/ London

The international community must do more to tackle the economic fallout of the Covid-19 crisis, the head of the International Monetary Fund (IMF) said on Monday, publicly calling on the World Bank to accelerate its lending to hard-hit African countries.

Some of the key events of the virtual and elongated annual meetings of the IMF and World Bank take place this week, with the most pressing issue how to support struggling countries.

“We are going to continue to push to do even more,” IMF Managing Director Kristalina Georgieva said during an online FT Africa summit. “I would beg for also more grants for African countries.

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