Wealthy nations provide 28% of GDP in Covid aid; poor countries only 2% – IMF

IMF Director Georgiana said that even before the pandemic, inequality was increasing in the world, a process exacerbated with the health crisis.

RIO DE JANEIRO, BRAZIL - Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said Tuesday that wealthy countries provide the equivalent of 28% of GDP in fiscal and monetary aid to tackle the impacts of the Covid-19 pandemic, while poor countries provide support equivalent to 2% of their much lower GDPs.

The statement was made during the IMF's online event focused on promoting an inclusive economic recovery.

"A country with strong capacity to support its businesses and people is more susceptible to overcome it (the pandemic)," Georgieva said. She stressed the importance of knowing "how to collect . . .

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