Economics
IMF Says World Needs $20 Trillion Public Investment Post Virus
- Fund urges healthcare, infrastructure, green energy spending
- Countries with high debt will need to balance fiscal support
A pedestrian walks near a halted construction site in Detroit.
Photographer: Emily Elconin /BloombergThis article is for subscribers only.
The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green technology.
Low interest rates present an opportunity for public investment to boost growth, modernizing aging airports, ports and rails in advanced economies, the IMF said in the second chapter of its semi-annual fiscal monitor published Wednesday. The resulting value of assets probably will exceed their liabilities and improve the public sector’s net worth, the fund said.