kristalina georgieva

IMF head kristalina georgieva says a global recession is unlikely. This is despite trade tensions sparked by US tariffs. However, these trade disruptions will cost significantly. The IMF expects markdowns to global growth. Georgieva urges countries to adjust fiscal policy. She also wants central bank independence. China should boost domestic consumption. The US must address surging public debt.

Klaus Schwab, the founder of the World Economic Forum (WEF), has stepped down as Chairperson and Board of Trustees member after 55 years. The WEF board has appointed Vice Chairman Peter Brabeck-Letmathe as interim Chairman and formed a committee to find a permanent successor. The board acknowledged Schwab's contributions in establishing the WEF as a platform for global cooperation.

World Bank president David Malpass and International Monetary Fund managing director kristalina georgieva said there was a growing risk of global recession, with inflation remaining a continuing problem after Russia's invasion of Ukraine.

"It is clear that we have entered a recession" that will be worse than in 2009 following the global financial crisis, IMF chief kristalina georgieva said in an online press briefing. With the worldwide economic "sudden stop," she said the estimate "for the overall financial needs of emerging markets is $2.5 trillion" and "we believe this is on the lower end."

IMF chief kristalina georgieva has said that a third of the global economy will be in recession this year and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Finance minister Nirmala Sitharaman, in apanel discussion with IMF managing director kristalina georgieva early on Tuesday, said that the technology to deal with crypto assets needs to continuously evolve.

It is going to be a tough 2022 — and possibly an even tougher 2023, with increased risk of recession, the IMF chief has warned. “The human tragedy of the war in Ukraine has worsened. . . slowing growth and exacerbating a cost of living crisis that affects hundreds of millions of people. And it’s only getting worse,” said IMF’s managing director kristalina georgieva.

The new International Monetary Fund (IMF) managing director, kristalina georgieva said that two years ago, the global economy was in a synchronized upswing. However now, she said, "The global economy is in a synchronized slowdown. In 2019, we expect slower growth in nearly 90% of the world," said Georgieva in her first speech after taking on the new designation.

During the IMF and World Bank meetings in Marrakech, Managing Director kristalina georgieva announced the achievement of the $3 billion fundraising target for the concessional trust fund, enabling the IMF to provide interest-free financing to low-income countries, with 40 nations contributing, including emerging-market economies.

The International Monetary Fund (IMF) said on Friday it will decide "very soon" whether its embattled managing director kristalina georgieva keeps her job. An investigation by a law firm has concluded that she manipulated data in favour of China while in a senior role at the World Bank.

The global economy is looking "less dire" than it did in June and the International Monetary Fund will make a "small" upward revision to its 2020 global output forecast, IMF managing director kristalina georgieva said on Tuesday.

International Monetary Fund's (IMF) managing director kristalina georgieva on Thursday said that despite global uncertainty and headwinds, India continues to be a bright spot in the global economy.

The head of the International Monetary Fund (IMF) said on Monday the global economic outlook remained highly uncertain given the coronavirus pandemic, and a growing divergence between rich and poor countries required the IMF to find more resources.