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IMF chief urges green and digital investment for post-virus recovery

Impressed by India's handling of COVID, Georgieva encourages further reforms

IMF Managing Director Kristalina Georgieva takes part in a virtual roundtable discussion at the IMF headquarters in Washington. (Photo courtesy of the IMF)

WASHINGTON -- Government spending, particularly in such areas as digital infrastructure and climate action, will be needed for a sustainable recovery from the coronavirus crisis, International Monetary Fund Managing Director Kristalina Georgieva said recently. Tackling debt and deficits -- the IMF's traditional recommendations -- can wait until the world reaches an exit from the health crisis, the Bulgarian chief said.

Fiscal and monetary policy measures by advanced economies have helped improve the outlook for this year, she said at a "virtual roundtable" with Nikkei and other global media outlets.

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