Policy Responses to COVID-19: How Changes in the IMF and World Bank’s Approaches Can Lead to a Sustainable and Inclusive Recovery
In light of the considerable risks that cloud the global recovery, it is imperative that the IMF and World Bank cannot resort to the “policy as usual” approaches as previously adopted during the pandemic. Instead, they need to quit their push for “austerity as the new normal” and shift their policy focus toward facilitating resilience and recovery for vulnerable and poor countries.