We urge the IMF to collaborate with other international financial institutions (IFIs) and bilateral agencies to support a truly multilateral effort. The unimpeded flow of trade financing to low income countries for imports of essential items such as food, fertilizer, fuel and capital goods should also be ensured.
See Schwab K. The Fourth Industrial Revolution, New York: Crown Publishing Group, (2017) and Gordon R. (2012), ‘Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds’, NBER, Working Paper 18315, August 2012. Source: based on data from Universal Postal Union and Radicati Group. Source: Radicati Group. Digitization has also been prominent in the financial system.