Indonesian Newspaper Republika quoted Eric LeCompte in an article discussing the International Monetary Fund's 2022 global economic growth projection. Read an excerpt below and the full article here.
IMF Cuts 2022 Global Economic Growth Projection
By Retno Wulandhari
The International Monetary Fund (IMF) estimates that global economic growth in 2021 will fall slightly below July's forecast of 6 percent. IMF head Kristalina Georgieva said the downgrade took into account the risks associated with debt, inflation and different economic trends after the Covid-19 pandemic.
Even as the global economy bounces back, according to Georgieva, the pandemic continues to limit recovery. One of the main obstacles is the high vaccination gap rate. This is due to limited access to vaccines.
Executive Director at Jubilee USA Network, Eric LeCompte, said high debt, soaring food prices and a lack of vaccines were the biggest threats facing developing countries. "We calculate the economic loss in the trillions if developing countries can't access a vaccine," Eric said.
Read more here.