2022 has all the makings of another difficult year for emerging markets and low-income countries. New COVID variants colliding with low vaccination rates, tightening financial markets, and rising debt burdens all threaten an already fragile recovery.
The International Monetary Fund (IMF) will be at the center of the action both as global economic crisis fighter and in providing the economic and financing framework for the resilient and sustainable recovery. The list of areas for IMF action is long: What are the IMF’s priorities for helping LMICs confront the year ahead? What are the prospects for the new Resiliency and Sustainability Trust? How will the Poverty Reduction and Growth Trust (PRGT) be used to support the transition? How will the looming debt crisis be tackled? How does the IMF begin to incorporate climate and other sustainability concerns into its surveillance of LMICs, who face difficult budget tradeoffs between development, climate mitigation, and climate adaptation?
In this conversation, Masood Ahmed and Kristalina Georgieva, IMF's Managing Director, will discuss her priorities for assisting LMICs in the year ahead, hoping to hear how she sees the prospects for LMICs in 2022 and where the IMF can be instrumental in their recovery and in shaping their future.
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