‘Spend as much as you can,’ IMF head urges governments worldwide
POLICYMAKERS worldwide should embrace more spending to help revive their stuttering economies, the head of the International Monetary Fund has said at Russia's annual Gaidar economic forum. Managing Director Kristalina Georgieva did not give any specific economic forecasts, but made clear her desire for governments to up their spending and that a synchronised approach internationally was best for growth. In 2020, the IMF provided support to 83 countries, she said. "In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say: 'please spend'. Spend as much as you…