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Covid-19 Pandemic: IMF and WTO Warn against Export Controls on Medical Supplies and food

Representative image.

REUTERS/Johannes P. Christo/Files

Representative image. REUTERS/Johannes P. Christo/Files

Disruptions to supply chains and misdirection of critical productions could "prolong and exacerbate the health and economic crisis", said the two organisations.

The growing use of export restrictions by governments can be "dangerously counterproductive" as the world deals with the coronavirus pandemic, the International Monetary Fund (IMF) and World Trade Organization (WTO) warned on Friday.

"We are concerned by supply disruptions from the growing use of export restrictions and other actions that limit trade of key medical supplies and food," the institutions said in a joint statement.

Disruptions to supply chains and misdirection of critical productions could "prolong and exacerbate the health and economic crisis."

first published:April 24, 2020, 19:18 IST