Imf And G20 Focus On Trying To Appease Supply Chain Congestion

Finance ministers from the world's leading development and emerging economies (G20) on October 13 focused on trying to appease supply chain congestion, which is making prices' escalating 'And threatening to deviate the economic recovery of the economy 9: 00/1: 35 Southern men's workers transferred goods at a supermarket of Tesco in London, England, on August 3, 2021. Artwork: AFP / VNA, Italy Ignazio VISCO central bank has agreed with the International Monetary Fund (IMF) and many other countries that inflationary pressures are largely due to short-term factors such as the strong increase Needs and problems in supply. But he admitted that "these factors may have to take several months to decrease." Visco said the G20 central bank governors are considering this issue to see if there are many factors More structure "In a stronger inflation rate than predicting or not, and" There is a constituent factor .

.. can become a long-term factor or not. "Central banks are balancing between Supporting economic recovery with loosening financial conditions and preventing the prolonged increase of inflation According to the G20 announcement, the central banks will act if necessary to fulfill their responsibilities My case, including price stabilization, at the same time consider the "temporary" inflationary pressure. But the World Bank Chairman (WB) David Malpass warns that some factors in the price increase "will not Must be temporary. "He said that distinguishing of these factors will take time and requires cooperation of policy makers around the world. IMF Director Kristalina Georgieva said the delay in the vaccination process of preventing Covid-19 in developing countries is contributing to the stress of the supply chain, and if this situation persists, the risk of supply chain interruption Bridge will be higher. Glass (VNA)

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