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The Latest Breaking News from Kristalina Georgieva

IMF wags its finger at central banks – but are they listening?

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

The Guardian - UK

IMF chief: Ukraine war and inflation threaten global economy

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

The Independent UK

IMF to lower global growth forecasts due to Ukraine war and Covid

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

The Guardian - UK

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IMF Unveils New Trust to Help 'Vulnerable' Countries

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.

Asharq Al-Awsat

Ukraine economy to shrink by almost half this year, World Bank forecasts

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

The Guardian - UK

Climate disasters rising faster in MENA than any other region

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

Al Jazeera

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…

Asharq Al-Awsat

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Qatar’s Finance Minister Warns of Surge in Food Prices Globally

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.

Asharq Al-Awsat

Ukraine War Threatens Food Supplies in Fragile Arab World

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

Asharq Al-Awsat

Ukraine war threatens food supplies in fragile Arab world

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 Independent UK

Ukraine war Hits world economy like an earthquake, IMF head says

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.

Tribune News Service

Russia threatens to pay external debt in roubles; Ukraine’s GDP ‘could shrink 35%’; UK petrol to surge – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Russian default on debts no longer ‘improbable’, says IMF head

Fund says a default from Russia after sanctions over its invasion of Ukraine would not trigger a global financial crisis

The Guardian - UK

Russian default no longer 'improbable', but no trigger for global financial crisis- IMF

Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Sunday.

Reuters

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The Times of India

Finance minister holds virtual meeting with IMF chief, discusses impact of rising commodity prices

NEW DELHI: Finance minister Nirmala Sitharaman on Friday held a virtual meeting with International Monetary Fund (IMF) managing director Kristalina Georgieva and discussed various issues, including the impact of rising commodity prices on world economy.

Reuters

IMF chief Georgieva says Ukraine war to lower global growth forecast

The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade, sending food and energy prices sharply higher and forcing the International Monetary Fund to lower its global growth forecast next month, IMF Managing Director Kristalina Georgieva said on Thursday.

Reuters

IMF board to consider $1.4 billion in funding for Ukraine on Wednesday - Georgieva

The International Monetary Fund's executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond to Russia's invasion, IMF Managing Director Kristalina Georgieva said on Tuesday.

Reuters

Ukraine war adds to economic, social setbacks for women -IMF's Georgieva

The war in Ukraine has worsened a difficult period for women, who have seen major economic and social setbacks prompted by the COVID-19 pandemic, International Monetary Fund Managing Director Kristalina Georgieva told the U.N. Security Council on Tuesday.

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The Guardian - UK

Kristalina Georgieva: the IMF boss tackling Covid, the climate crisis and, now, war

The attitudes of the first fund chief to come from a former communist country were shaped by her early life, but her focus is now on a greener post-Covid future

Asharq Al-Awsat

Ukraine Requests 'Emergency Financing' from IMF

Ukraine has requested additional aid from the IMF following the Russian invasion, the fund's leader Kristalina Georgieva said Friday. The crisis lender has an existing $2.2 billion aid program with Kyiv and "the authorities have also requested IMF emergency financing," Georgieva said in a statement. The fund's board met to…

The Guardian - UK

Oil prices hit seven-year highs close to $100 after Russia moves troops into Ukraine – as it happened

Germany pulls plug on Nord Stream 2 pipeline, as UK and European shares see-saw and rouble sinks to two-year low

Asharq Al-Awsat

IMF Will Only Support a 'Comprehensive Program' for Lebanon, Says Georgieva

IMF Managing Director Kristalina Georgieva said on Thursday the fund would only support a "comprehensive program" for Lebanon that would tackle all the country's ills, including corruption. "Our team is working very closely with their Lebanese counterparts," Georgieva told reporters.

The Times of India

IMF managing director terms budget 2022-23 'thoughtful' policy agenda for India

WASHINGTON: The Union Budget presented by finance minister Nirmala Sitharaman is a very "thoughtful" policy agenda for India and puts a great deal of emphasis on innovation in research and development on human capital investment and digitalisation, managing director of IMF Kristalina Georgieva has said.

Reuters

Georgieva says IMF ready to aid countries hit by Russia-Ukraine spillovers

The International Monetary Fund stands ready to help countries that may be affected by any spillover effects from a Russia-Ukraine conflict and sanctions imposed by Western governments, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.

The Guardian - UK

IMF warns China over cost of Covid lockdowns

Hardline approach to pandemic risks damaging global economy, says Kristalina Georgieva

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