The Latest Breaking News from Kristalina Georgieva

With Russia amassing more of its forces to the east of Ukraine and looking set to increase its assault on the Donbas region, Ukrainian President Volodymyr Zelenskyy says he is not willing to give up territory to do a peace deal.

Calls to mitigate the effect of higher interest rates on poorer countries may not be enough when debt cancellation is needed

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.

Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse.

Soaring energy and food prices triggered by Russia’s invasion of Ukraine are pushing some Middle Eastern and North African countries to the brink

The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries, according to the head of the International Monetary Fund.