Don't get carried away by short-term dollar fluctuations. Dollar's role is secure due to depth/liquidity of US capital markets, size of economy, and US entrepreneurial spirit.
Asks if countries are taking fiscal buffer rebuilding seriously given investor punishment for over-borrowing.
Joumana Bercetche
Kristalina Georgieva
Countries must take it seriously. Fiscal buffers are depleted everywhere after COVID and Ukraine war. Now is the time to rebuild to withstand inevitable future shocks. Particularly concerned about vulnerable middle/low income countries.