Paris for a more egalitarian global economic recovery

Paris for a more egalitarian global economic recovery
Paris for a more egalitarian global economic recovery

The French Minister of the Economy, Bruno Le Maire, calls on countries for “closer coordination” and to act more “to support an inclusive economic rebound and fight against growing inequalities” in the world.

“At the European level, France strongly pleaded for an ambitious recovery plan to help Europe to rebound more strongly than before the crisis”, underlined the Minister in a statement addressed to the IMF steering committee, relayed by the French media.

The “Next Generation EU” recovery plan adopted in July 2020 represented a “historic breakthrough” since the European Union will invest massively in green and digital projects, notes the government official in this text that he will deliver on Thursday at the occasion of the meeting of the International Monetary and Financial Committee of the International Monetary Fund (IMFC).

But “now is the time” to implement it, he adds.

The International Monetary and Financial Committee will hold a press conference on Thursday with its new president, Sweden’s Magdalena Andersson, the first woman to hold the post.

The IMFC meets twice a year, usually in April and October, when members of the IMF and World Bank meet for spring and annual meetings.

The two 2020 meetings were virtual, like those this week, due to the Covid-19 pandemic. The CFMI examines issues relating to the global economy and provides advice to the IMF on the direction of its work.

(With MAP)

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