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‘Ricochet Impact’
May 29 , 2021
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- According to International Monetary Fund (IMF), Emerging-market nations’ struggle to move out of covid-19 pandemic-induced economic crisis can hurt developed nations.
- It said, crisis has “Ricochet impact” on the developed and advanced economies.
- IMF suggests that, developed nations should be doing all to ensure better & equitable access to vaccines and equitable recovery.
- Poorer nations are facing the risk of increasing interest rates even though, their economies aren’t growing.
- International Monetary Fund is an international financial institution is headquartered in Washington, D.C.
- It comprises of 190 countries.
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