IMF warns that current extreme poverty exceeds pre-pandemic period

Comunidade de venezuelanos na Colômbia
Community “7 de Maio” in Malagana, Colombia. | Photo: EFE / Ricardo Maldonado Rozo

The International Monetary Fund (IMF) issued an alert this Wednesday (

) that the world’s extreme poverty levels are above those recorded before the Covid pandemic- and predicted that this trend will continue for some time.

10080909″This is very worrying news”, said the Portuguese Vítor Gaspar, director of Fiscal Affairs at the IMF, during press conference in which the most recent edition of the organization’s fiscal surveillance report was presented, which was published due to the annual meetings held in Washington, United States.10080909For Gaspar, this indicates that the governments of the most affected economies must dedicate all the necessary resources, however scarce, to cover the basic food needs of the population action, although he admits that this may increase the risk of fiscal crises.

The expert highlighted that this fact has given, for developing countries, most of the measures to contain the increase in inflation are focused on food. In developed countries, in turn, they are dedicated to ensuring energy supply. “Food is a much more important problem in developing economies,” said Gaspar.

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