IMF head urges pandemic response that tackles climate crisis

by Reuters
Wednesday, 8 July 2020 10:08 GMT

IMF Managing Director Kristalina Georgieva attends a news conference ahead of the World Economic Forum (WEF) in Davos, Switzerland January 20, 2020. REUTERS/Denis Balibouse

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IMF calls for resilience in responding to coronavirus, and policies that consider the climate crisis as well as ensure recent development gains

GENEVA, July 8 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva urged policymakers on Wednesday to use their response to the coronavirus pandemic to tackle climate change.

"Looking ahead, policies should lay the foundation for a low-carbon, resilient recovery that would create millions of jobs while help address the climate crisis," she told an International Labour Organization conference.

"We are especially concerned that the crisis will jeopardise the important development gains of the last years," she added.

The IMF last month forecast a deeper global recession than initially anticipated. It now anticipates a global GDP contraction of 4.9% this year and a total output loss of $12 trillion through the end of 2021. 

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(Reporting by Emma Farge; Editing by Michael Shields)