IMF Calls for Restraint on Energy Subsidies in the Face of Debt Pressure
4 Articles
4 Articles
Kristalina Georgieva defends more restricted focus on aid and warns that high interest rates and rising debt leave little room for support. IA and El Niño also in focus.
"This becomes unaffordable," says Kristalina Georgieva, Managing Director of the International Monetary Fund, who advocates for more "targeting." Helping households and businesses to counter the surge in energy prices "by digging the deficit" is "more tenable" in the face of rising borrowing rates and costs, warns the head of the International Monetary Fund (IMF) in a [...]
The Director-General of the International Monetary Fund (IMF), Kristalina Georgieva, today called on governments to restrict energy subsidies, warning that rising debt and financing costs make an overly generous support policy unsustainable.
The IMF Again Questioned Subsidies on Energy Tariffs: “They Are Inefficient and Costly” - La Critica
From the International Monetary Fund (IMF) questioned the application of subsidies to energy tariffs by governments. They clarified that they are not a good measure because they compromise public accounts. Through the World Economic Outlook (WEO) report prepared by the organization, the economists of the Fund have been able to ... Read more
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