The Latest Breaking News from Kristalina Georgieva

He was speaking on the 53rd day of the Russian invasion of his country

Russia's anticipated new offensive in Ukraine's eastern Donbas region has begun, Ukrainian President Volodymyr Zelensky announced Monday. Ukraine's top security official said earlier that Russia had launched the "second phase" of the war, with Russian forces attempting to break through defences in the Donetsk, Luhansk and Kharkiv regions but had…

The head of the International Monetary Fund warned that Russia’s war against Ukraine was weakening the economic prospects for most of the world’s countries and called high inflation “a clear and present danger’’ to the global economy

Inflation shock caused by the invasion and ongoing pandemic is ‘a crisis on top of a crisis’ says IMF chief

The IMF plans to raise at least $45 billion for a new trust to help "low-income and vulnerable middle-income countries" cope with protracted challenges like pandemics and climate change, it announced Wednesday.

Bank says many surrounding countries will suffer severe hardship as result of invasion, with Russia predicted to fall into recession

Data from the past century shows temperatures in the region have risen by 1.5°C – twice the global increase.

The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a "major threat" to growth and prosperity, IMF Managing Director Kristalina Georgieva said. A new International Monetary Fund paper showed that climate disasters in the region injured…

Qatar’s finance minister said on Sunday that energy prices should be fair for both producers and consumers. “We need stable and fair prices that can be supported by the supplier as well as the buyer.