Washington DC – The IMF releases the 2021 Global Financial Statement Report.
Eric LeCompte, Executive Director of the religious development group Jubilee USA Network and a United Nations finance expert who monitored IMF meetings since 2010, releases the following statement on the IMF's Global Financial Stability Report and the upcoming IMF meetings:
"Rising COVID infections, growing uncertainty around pandemic solutions and inflation cloud the stability of the global economy.
"Developing country debt could spike if wealthy economies raise interest rates.
"Developing countries are already paying higher interest rates due to COVID pressures on their budgets.
"The IMF highlights that climate change is a significant risk to long-term economic stability.