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Equality

IMF Warns of Social Unrest, Trust Erosion as Inequality Worsens

  • Nations need to give all ‘a fair shot’ to preserve social calm
  • About 95 million more people entered extreme poverty in 2020
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Photographer: Christophe Archambault/AFP/Getty Images

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The International Monetary Fund warned that inequalities which have been exacerbated by Covid-19 may lead to polarization, erosion of trust in government and social unrest.

“These factors complicate sound economic policy making and pose risks to macroeconomic stability and the functioning of society,” the Washington-based fund said in a report released Thursday. “Governments need to provide everyone with a fair shot.”