Friday, May 14, 2021

The Trilemma

We are now entering the 4th wave of Covid-19. Hopefully the pandemic will end soon. Latest article in the IMF Blog talks about policymakers' trilemma in handling the health crisis that turn into an economic crisis later. 

Excerpt:

"This is the situation facing many finance ministers in sub-Saharan Africa today. And they face three immediate challenges: Firstly, to meet increased spending needs; secondly, to contain a pronounced increase in public debt, and finally, to mobilize more tax revenues."
https://blogs.imf.org/2021/05/12/the-policymakers-trilemma/

Image credit - IMF Blog
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