IMG Georgieva: US has fiscal space to take further action to support economy

IMF Georgieva speaking

• US has fiscal space to take further action to support economy, supports Bidens determination to focus relief on vaccinations, support unemployed
• we have to be watchful that risks of overheating in the US economy, but confident Treasury Secretary Yellen will monitor, take action to avert risks as necessary
• sees great divergence in growth prospects for advanced economies, developing countries which could result in substantial problems in years to come
• 50% of developing countries at risk of falling further behind raising concerns about stability, social unrest
• concerned about Latin America countries falling behind in relative terms on growth than than debt levels at moment