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[size=36]The IMF warns of social unrest due to Corona[/size]
Economie| 09:22 - 02/04/2021
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Baghdad - Mawazine News
The International Monetary Fund has warned that the inequality exacerbated by the Covid-19 pandemic may erode people's confidence in their governments and lead to social unrest.
In its report, the Fund said, "The Covid-19 pandemic has exacerbated the manifestations of inequality and poverty that existed before its occurrence, and (the pandemic) also demonstrated the importance of social safety nets."
The report, which was published in preparation for the Spring Meetings, added that "the pandemic has also revealed unequal access to basic services, such as health care, high-quality education, and digital infrastructure, which in turn may cause the persistence of income gaps, generation after generation."
The report warned that the repercussions could be long-lasting, especially for children and youth from the poorest families.
The Fund also noted that the rapid digitization caused by the pandemic is making it difficult for low-skilled workers to find work.
This international financial institution, based in Washington, noted that “under these circumstances, societies can witness polarization, or a decline in confidence in the government, or social unrest,” adding that “these factors complicate the formulation of policies and pose risks to the stability and functioning of society. ".
"Governments should provide everyone with a fair dose of access to basic services," the report added, in a metaphorical reference to the vaccination campaign against Covid-19.
In its report, the Fund stated that the outbreak of the Coronavirus has reduced public treasury resources worldwide, "but nevertheless, many countries should increase their public spending and rationalize this spending."
According to the report's authors, “In order to achieve the sustainable development goals, including providing access to basic services by 2030, it will take $ 3 trillion for 121 emerging economies and low-income developing countries,” or 2.6% of the global GDP estimated by this. Date.Ended 29 / h
The International Monetary Fund has warned that the inequality exacerbated by the Covid-19 pandemic may erode people's confidence in their governments and lead to social unrest.
In its report, the Fund said, "The Covid-19 pandemic has exacerbated the manifestations of inequality and poverty that existed before its occurrence, and (the pandemic) also demonstrated the importance of social safety nets."
The report, which was published in preparation for the Spring Meetings, added that "the pandemic has also revealed unequal access to basic services, such as health care, high-quality education, and digital infrastructure, which in turn may cause the persistence of income gaps, generation after generation."
The report warned that the repercussions could be long-lasting, especially for children and youth from the poorest families.
The Fund also noted that the rapid digitization caused by the pandemic is making it difficult for low-skilled workers to find work.
This international financial institution, based in Washington, noted that “under these circumstances, societies can witness polarization, or a decline in confidence in the government, or social unrest,” adding that “these factors complicate the formulation of policies and pose risks to the stability and functioning of society. ".
"Governments should provide everyone with a fair dose of access to basic services," the report added, in a metaphorical reference to the vaccination campaign against Covid-19.
In its report, the Fund stated that the outbreak of the Coronavirus has reduced public treasury resources worldwide, "but nevertheless, many countries should increase their public spending and rationalize this spending."
According to the report's authors, “In order to achieve the sustainable development goals, including providing access to basic services by 2030, it will take $ 3 trillion for 121 emerging economies and low-income developing countries,” or 2.6% of the global GDP estimated by this. Date.Ended 29 / h
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