NEW YORK, June 19. /TASS/. the Spread of a new coronavirus caused severe damage to the global economy, but it is possible that during the restore process it undergoes positive changes. This was stated on Thursday managing Director International monetary Fund (IMF), Kristalina Georgieva, speaking at the videoconference organized by Time magazine.
Speaking about the economic damage from the spread of the virus in the world, she said: “This is really unprecedented crisis.” As said Georgieva, “170 countries will complete in 2020 in the conditions, when their economies are smaller than at the beginning of the year.” However, she stated that “the crisis provides a unique opportunity”.
“To restore the economy, we will have to actively take measures fiscal stimulation — explained managing Director IMF. — We have the opportunity to make the world become more environmentally friendly.”
Georgieva stressed that it needs to invest in those areas that provide economic growth “with low carbon emissions”. In addition, according to the head of the Fund, the economic recovery may be implemented in such a way that it contributed to the eradication of “poverty and inequality”.
“We can do so that it will be a great revival,” said Georgieva. She noted that the adoption of measures to stimulate the economy should “pay attention to the small and medium-sized companies, to prevent mass bankruptcy among them.”
the head of the IMF stated that “the digital industry definitely win” in the context of the pandemic. According to Georgieva, in this regard, you should consider changing the structure of taxation of companies working in this field.
