IMF, G20 fret over supply chain bottlenecks, inflation fears

US President Joe Biden speaks about efforts to address global supply chain bottlenecks

Supply chain bottlenecks that threaten to hobble the global recovery will be a focus of discussion at the annual meetings of the World Bank and IMF

Global finance officials gathered in Washington on Wednesday were focused on finding a way to alleviate supply chain bottlenecks that are driving prices higher and threatening to derail the economic recovery.

IMF chief Kristalina Georgieva said the lag in vaccination rates to contain the pandemic in developing nations is contributing to the supply constraints, and "as long as it widens, this risk of interruptions in global supply chains is going to be higher."