Washington D.C Persisting high inflation across the globe coupled with debt concerns are now major impediments to global economic recovery from the aftermath of covid-19 pandemic shocks, the International Monetary Fund (IMF) and World Bank agreed on Monday as they began their 2023 spring meetings in Washington DC.
In the last three years of the two Bretton Woods Institutions’ meeting since the pandemic, the world has experienced uncertainties weighing down the global economy. There have been concerns for the poor and vulnerable as the most affected by inflation, cost of living crisis, and slower growth, coupled with the effects of climate change. The war in Ukraine which continues to disrupt lives and livelihoods around the world has also been a major challenge.
