IMF Managing Director Kristalina Georgieva stated vaccinations could contain higher inflation and expressed concern about the growing gap between emerging and advanced economies.
- Georgieva pushed for a focus on vaccinations across the world to reduce divergence and boost production everywhere.
- In an interview with Bloomberg Television’s Francine Lacqua insisted that widespread vaccinations against Covid-19 as a solution.
- Supply chain constraints are likely to extend into mid-2020 or beyond, placing upward pressure on prices, and central banks are starting to implement action against inflation.
- Independently, Georgieva faces employee uproar at the IMF after allegations that she improperly influenced data in favor of China while working at the World Bank in 2017.
Georgieva affirmed that the staff was and continues to be concerned with her credibility. But, she has engaged with the staff and responded to most of their questions.
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Source: Bloomberg.
