The International Monetary Fund (IMF) has called for further action to secure a resilient recovery, as economies across the globe continue to suffer the effects of Covid-19. “As we enter the next phase of the crisis, further policy action will be required, as well as increased international cooperation. The G20 Action Plan is key to this effort,” she said. She said supportive fiscal and monetary policies also need to continue until economies can secure a safe and durable exit from the crisis. In May, the IMF raised Kenya’s risk of debt distress to high from moderate due to the impact of the coronavirus crisis.

Source: The Star July 20, 2020 00:56 UTC