IMF warns countries on trade-offs amid COVID19 fight

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By Earlene Chimoyo

 

The International Monetary Fund-IMF has advised countries including Malawi to exercise caution in balancing up their economies and maintaining stability.

The call comes as countries across the globe grapple with economic challenges due to the Coronavirus pandemic.

 

In the latest blog post, the IMF reminds countries on the importance of sticking to economic fundamentals that will ensure stability despite the shocks.

 

Most countries are putting much effort on preventing and controlling the spread of the pandemic, a development which is draining their resources.

 

The IMF further implores policymakers to pay attention to other occurrences that buildup financial vulnerability.

 

Policymakers are further advised to urgently address vulnerabilities that could create future problems and put growth at risk down the road to recovery.

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