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The Latest Breaking News from Kristalina Georgieva

IMF Says Ukraine War Prompts Worst Global Food Crisis Since at Least 2008

The Ukraine war's disruptions to grain and fertilizer flows have prompted the worst food security crisis since at least the one following the 2007-2008 global financial meltdown, with some 345 million people now facing life-threatening shortages, the International Monetary Fund said on Friday. A new IMF research paper estimates that…

Asharq Al-Awsat

IMF says Ukraine war prompts worst global food crisis since at least 2008

Reuters

IMF's Georgieva: 'excellent' meeting with Argentina's president

International Monetary Fund (IMF) chief Kristalina Georgieva said on Monday she had an "excellent" meeting with Argentina's President Alberto Fernandez in New York.

Reuters

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IMF Georgieva says discussed longer-term engagement with Ukraine's Zelenskiy

International Monetary Fund Managing Director Kristalina Georgieva said she and Ukraine's President Volodymyr Zelenskiy on Tuesday discussed a longer-term engagement that could build toward a full-fledged financing program for Ukraine.

Reuters

IMF's Georgieva, Zelenskiy discussed ways to boost Ukraine funds

International Monetary Fund chief Kristalina Georgieva said she and Ukraine's President Volodymyr Zelenskiy on Tuesday agreed to explore ways to expand the IMF's support for the war-torn country and build toward a full-fledged financing program.

Reuters

Ukraine's Zelenskiy to speak with IMF chief on Tuesday -sources

Ukrainian President Volodymyr Zelenskiy will speak with International Monetary Fund Managing Director Kristalina Georgieva on Tuesday, two sources familiar with the plan told Reuters, as Ukraine continues to press the global lender for a full-fledged financing program.

Reuters

India eyes IMF support ahead of G20 presidency

FM flags global challenges including debt, climate change

The Hindu

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Zambia wins IMF board approval for $1.3 billion loan program

Zambia won International Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country's quest to restructure its debts and rebuild an economy ravaged by mismanagement and COVID-19.

Reuters

Gas disruption due to Ukraine war could trigger Europe recession, IMF warns

Head of IMF urges wealthier countries to provide support to poorer nations as millions at risk of hunger

The Independent UK

First Thing: Biden battered by inflation and low approval ratings

The economy, energy prices and upcoming midterms weigh heavily on the president during his Middle East trip. Plus, House committee argues Capitol attack was premeditated

The Guardian - UK

G-20 finance leaders tackle dire fallout from war in Ukraine

U.S. Treasury Secretary Janet Yellen has urged leaders of major economies to work together in countering the impact from Russia's invasion of Ukraine

The Independent UK

Global recession risk rising as economic outlook ‘darkens significantly’, IMF says

Cost-of-living crisis ‘only getting worse’ says IMF chief Kristalina Georgieva, predicting a tough 2022, and ‘even tougher 2023’

The Guardian - AU

IMF's Georgieva says Zambia, Ethiopia, Chad creditor committees to meet soon

Creditor committees for the debt restructurings of Zambia, Ethiopia and Chad are all expected to meet within the next 10 days, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday.

Reuters

Chad creditors to meet this week; IMF calls on Glencore to 'step forward'

Chad's official creditor committee will meet this week amid growing pressure from the International Monetary Fund and others for progress on the country's request for debt restructuring, two sources briefed on the matter said.

Reuters

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Asharq Al-Awsat

IMF’s Georgieva Warns against ‘Complacency’ on Global Debt Problems

IMF Managing Director Kristalina Georgieva is pushing China and other Group of 20 economies to speed up debt relief for a growing number of heavily indebted countries, warning that failure to do so could unleash a damaging "downward spiral." Georgieva told Reuters it was crucial to jumpstart the largely stalled…

Reuters

Some IMF staff work 'unduly influenced' despite strong safeguards - report

Nearly 20% of International Monetary Fund staff say their work has been "unduly influenced" by supervisors, according to an internal survey released on Thursday as part of a review of data integrity standards that generally found "robust mechanisms" for institutional governance.

Asharq Al-Awsat

IMF's Georgieva Says 'Some Pain' May be Necessary to Fight Inflation

The head of the International Monetary Fund on Friday underscored the importance of fighting inflation now to shore up the prospects for economic growth in the future, warning that doing so could cause "some pain" to consumers in the short run. "Success over time (in lowering prices) will be beneficial…

AFP

US recession would be 'necessary price' to defeat inflation: IMF chief

Washington (AFP) - With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF Managing Director Kristalina Georgieva said Friday.

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The Guardian - UK

Penny savings: taking the measure of money at the Ashmolean museum

The Oxford museum’s Heberden coin room holds antique cash objects from around the world. As we test our faith in digital cryptocurrencies, what can we learn from its collection?

France 24

Davos 2022: IMF chief says food export bans 'only making crisis worse'

This year's World Economic Forum in Davos has been dominated by the war in Ukraine and its implications on the global economy. With the drop in grain exports from the region, concern is growing over a looming food crisis. FRANCE 24's Business Editor Kate Moody spoke to IMF Managing Director…

Reuters

Globalization's cheerleaders grasp for new buzzwords at Davos

World leaders, financiers and chief executives said they were leaving this week's World Economic Forum with an urgent sense of the need to reboot and redefine 'globalization'.

Reuters

IMF's Georgieva: 'Trend of fragmentation is strong'

International Monetary Fund Managing Director Kristalina Georgieva on Wednesday said she worries less about the risk that the war in Ukraine and a further slowdown in China might trigger a global recession than she does about the strength of the trend toward economic and political fragmentation.

The Guardian - UK

Ukraine war weighs heavy as apocalyptic mood shrouds Davos

From a warning of third world war to global stagflation or depression, gathering is unsurprisingly sombre

The Independent UK

Davos gathering overshadowed by global economic worries

The risks to the global economy are leading to an increasingly gloomy view of the months ahead as corporate leaders, government officials and other VIPs gather at the World Economic Forum meeting in Davos, Switzerland

France 24

Davos 2022: IMF chief Georgieva urges action on food crisis

The world is facing its worst food crisis in history. Millions of tonnes of wheat are stuck in Ukraine, worsening an already precarious situation for many countries that depend on exports from the region. IMF Managing Director Kristalina Georgieva tells FRANCE 24 Business Editor Kate Moody that only "very strong…

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