IMF urges policymakers to avoid early withdrawal of support for the economy

Avoid premature withdrawal of support for the economy, as this could inflict tremendous damage," she said.

IMF chief Kristalina Georgieva on Friday urged policymakers to avoid premature withdrawal of support for the economy as coronavirus continues to spread in many parts of the world.

Noting that the Covid-19 pandemic and the measures to contain it triggered a sharp downturn in the first half of this year, she said the economic activity has begun to recover, supported by a large-scale easing of fiscal and monetary policies in many advanced and emerging economies.

The widespread adoption of health measures, allowing restart with economic activities while the pandemic is still there, Georgieva, the International Monetary Fund (IMF) Managing Director, said.

Avoid premature