The head of the International Monetary Fund warned on Monday of a “dangerous divergence” between developed and developing countries as they seek to recover from the COVID-19 pandemic.

Kristalina Georgieva said that strong growth in wealthy countries like the United States was “good news” but developing countries were being held back by slow vaccination rates.

“That is a danger for the coherence of growth and it is also a danger for global stability and security,” she told the Paris Peace Forum.

Source: Hellenic Shipping