IMF Calls for Post COVID-19 Fiscal Reform

The International Monetary Fund (IMF) is warning against rising debt in both emerging and developed economies due to stimulus spending amid the COVID-19 crisis.

The IMF is urging enhanced fiscal reform in many countries after the pandemic ends, said its Deputy Managing Director Mitsuhiro Furusawa on Wednesday, as cited by Reuters.

“Once the economy gets back on track, medium to long-term fiscal framework must be created to manage public finances accordingly. That will be among the utmost priorities for our policy recommendations,” Furusawa emphasized.