US Treasury Secretary Janet Yellen on Thursday urged the world's major economies not to relax the fiscal effort to support the global economy in a statement to the International Monetary Fund steering committee.
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The global outlook has improved with aid deployed simultaneously around the world, but "
the job is not done,
" said Yellen, highlighting "
the great uncertainty
" and the risks of long-term effects of the Covid-19 pandemic in many countries.
"
I urge the major economies not to withdraw their support too soon but to strive to provide significant new budget support to ensure a robust recovery
," she said.
The IMF this week unveiled at its spring meetings a more optimistic economic outlook for 2021 and 2022 thanks to the strong economic recovery in the United States.
The world's largest economy adopted a new $ 1.9 trillion support plan at the end of March and the Biden administration intends to pass Congress later in the year with a vast investment plan of more than $ 2,000 billion. over eight years.
But the recovery is uneven with emerging countries lagging behind.
In Europe too, the recovery is difficult while the vaccination campaign is delayed.
“
The number one priority is to end the health crisis, a prerequisite for a robust economic recovery
,” Janet Yellen argued, noting the “
substantial progress
” in immunizing the American population.
She also points out that the United States "
has committed $ 4 billion to the COVAX (initiative) to help fund access to vaccines globally, and I urge others to increase their support for this initiative."
".
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Joe Biden's minister also expressed her support for international institutions, the IMF and the World Bank, which are at the bedside of countries affected by the pandemic.
