- But how do we increase spending, especially in countries with weak institutions for mobilising and managing fresh resources, to overcome the crisis and tackle the future?
Written By Nii Moi Thompson - The recent advice by the International Monetary Fund (IMF) for governments to “spend as much as (they) can and then spend a little bit more” to deal with the economic fallout from the COVID-19 pandemic is a welcome departure from the fund’s traditional prescriptions of austerity in the midst of economic crises.