IMF urges governments to target cost-of-living support to poorer households

Summarised from 3 outlets · Updated 6 Oct, 14:25 · Archive

The International Monetary Fund says cost-of-living crises hit lower-income households harder and governments should prioritise targeted welfare support.

The International Monetary Fund has issued guidance on how governments should respond to cost-of-living pressures, arguing that support should be directed at those who need it most.

The IMF's report highlights that cost-of-living crises affect lower-income households far more severely than wealthier ones. The fund recommends that policymakers prioritise targeted welfare support for low-income households over broader measures such as tax cuts.

According to the IMF, governments should do more to protect vulnerable households from surges in inflation caused by geopolitical events. The fund's analysis suggests that tailored welfare programmes are more effective at addressing the needs of those hardest hit by rising costs.

How it is being reported

• Governments should spend more on welfare to tackle cost of living, says IMFCity AM · 6 Oct, 14:08
• Governments should target cost-of-living support to poorer households – IMFEvening Standard · 6 Oct, 14:00
• Governments should target cost-of-living support to poorer households – IMFIndependent Business · 6 Oct, 14:00

In this story: International Monetary Fund

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