FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen in Washington, U.S., April 8, 2019.
REUTERS/Yuri Gripas/File PhotoWASHINGTON (Reuters) - The International Monetary Fund estimates that synchronized investment in infrastructure by Group of 20 major economies could boost global output by nearly 2% by 2025, a senior IMF official said on Tuesday.
She said it was vital to bring the health crisis under control through international investment in vaccines, continue fiscal support to prevent cascading bankruptcies, and boost investment in green and digital infrastructure.
At the same time, investment in digital and green infrastructure would lay the foundation for more sustainable and inclusive future growth.
Overall spending could be a third lower to achieve the same outcome than if countries acted alone, she said.
Yuri Gripas, Antoinette Sayeh, Sayeh
Monetary Fund, REUTERS, WASHINGTON, IMF, Rome Investment
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