IMF wants prioritisation of social safety net to address rising food, energy prices

In its October Fiscal Monitor report, the Fund said fiscal authorities should also avoid churning out policies that would further aggravate inflation.

The Bretton Woods Institute said that while Central Banks are raising rates to drag down inflation, fiscal authorities can boost the economy with investment in infrastructure, health care, and education; fair distribution of incomes and opportunities through an equitable tax and transfer system; and provision of basic public services.

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