News Snapshot:
Hong Kong should roll out a fresh round of consumption vouchers and relax the eligibility criteria for social welfare assistance as part of its targeted measures to help vulnerable residents and small businesses amid the ongoing Covid-19 pandemic, according to the International Monetary Fund (IMF). In its annual assessment of Hong Kong on Thursday, the international organisation also called on the government to introduce fiscal policies addressing the structural challenges of its ageing population, high income inequality and insufficient housing supply. “In the near term, fiscal measures should be more targeted to support low-income households, unemployed workers, and affected SMEs...
