Emerging, developing countries need estimated $2.5trn to meet needs: IMF

  • Date: 15-Oct-2020
  • Source: Daily News Egypt
  • Sector:Economy
  • Country:Egypt
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Emerging, developing countries need estimated $2.5trn to meet needs: IMF

The Group of 24 (G24) said that the novel coronavirus (COVID-19) pandemic has increased deficit-to-GDP ratios by 5.5% between 2019 and 2020, and public debt levels by 6.8%, according to Egypt's Ministry of International Cooperation.