Support for poorest countries key to avoid economic scarring: IMFC

Equitable and affordable access to Covid-19 therapeutics and vaccines globally will be key to avoid an economic recovery that leaves "long lasting scars," the International Monetary Fund's steering committee said on Thursday.

The International Monetary and Financial Committee also said private creditors' and official bilateral creditors' participation in debt service suspension for poor countries is essential.

"We are disappointed by the absence of progress of private creditors' participation" in the Debt Service Suspension Initiative, the IMFC said in a statement.

The article originally appeared on Reuters