IMF: Rising energy prices increase risk of social unrest

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On the 12th local time, the International Monetary Fund and the World Bank Group’s 2022 annual meeting of the fiscal monitoring press conference said that soaring food and energy prices are increasing the risk of social unrest, but through tax cuts, subsidies and price controls. The cost of solving the problem is too high. Georgieva, President of the International Monetary Fund, also said on the same day that, given the current financing situation, the mechanism that provides long-term funds to help member countries to cope with climate change, epidemics and other structural challenges is ready to start lending, and member countries can To start applying, these funds will offer a 20-year term and a 10.5-year grace period. (CCTV News)
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