Category: Kristalina Georgieva

LIVE 2 PM ET: IMF, World Bank Roundtable Discuss Ukraine Crisis

The World Bank Group and the International Monetary Fund hold a ministerial roundtable, co-hosted by the government of Ukraine, at 2:00 p.m. ET on April 12 to discuss Ukraine’s medium-term needs, essential recovery and reconstruction projects, and areas of international collaboration. Participants include Ukrainian Prime Minister Denys Shmyhal, IMF Managing Director Kristalina Georgieva, and World Bank…


LIVE NOW: IMF, World Bank Roundtable Discuss Ukraine Crisis

The World Bank Group and the International Monetary Fund hold a ministerial roundtable, co-hosted by the government of Ukraine, at 2:00 p.m. ET on April 12 to discuss Ukraine’s medium-term needs, essential recovery and reconstruction projects, and areas of international collaboration. Participants include Ukrainian Prime Minister Denys Shmyhal, IMF Managing Director Kristalina Georgieva, and World Bank…


IMF, World Bank Roundtable Discuss Ukraine Crisis

The World Bank Group and the International Monetary Fund hold a ministerial roundtable, co-hosted by the government of Ukraine, at 2:00 p.m. ET on April 12 to discuss Ukraine’s medium-term needs, essential recovery and reconstruction projects, and areas of international collaboration. Participants include Ukrainian Prime Minister Denys Shmyhal, IMF Managing Director Kristalina Georgieva, and World Bank…


Top IMF Official Warns Global Growth Expected to Be Under 3 Percent in 2023

Global economic growth will remain below 3 percent in 2023 and for the next five years, according to Kristalina Georgieva, the managing director at the International Monetary Fund (IMF). With elevated price inflation persisting throughout the world economy and to achieve the goal of restoring price stability, Georgieva purported that central banks would need to…


IMF Says World Needs to Prepare for the ‘Unthinkable’ After COVID, War in Ukraine

International Monetary Fund Managing Director Kristalina Georgieva has warned that the world needs to be prepared to better handle shocks and “the unthinkable” in a post-COVID-19 world and in light of the ongoing Russia-Ukraine war. Georgieva made the comments during a World Government Summit panel hosted by CNBC’s Hadley Gamble in Dubai on Feb. 14, where she…


One-Third of Countries Will Fall Into Recession in 2023, Rest Will ‘Feel Like Recession’: IMF

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), recently predicted that many nations would go into recession next year, with the United States potentially able to avoid it. The IMF is expecting 2023 to be a “tough year” for the world economy, even “tougher than the year we leave behind,” Georgieva said on…


World Careening Toward ‘Dangerous New Normal,’ IMF Chief Warns

The world is facing the risk of a recession, with the global economy experiencing a “fundamental shift,” warned Kristalina Georgieva, managing director of the International Monetary Fund (IMF). In just three years, the world has lived through “shock, after shock, after shock,” Georgieva said during a speech at Georgetown University in Washington on Oct. 6….


IMF Chief Says ‘Cannot Rule Out’ Possible Global Recession

The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had “darkened significantly” since April and she could not rule out a possible global recession next year given the elevated risks. IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast…


Global Economy Facing ‘Biggest Test Since Second World War’: IMF Chiefs

The global economy faces “the biggest test since the Second World War” said International Monetary Fund (IMF) chiefs in a post Sunday, as world leaders convene May 23–26 in Davos, Switzerland, for the World Economic Forum (WEF) Annual Meeting 2022. Russia’s invasion of Ukraine has exacerbated the COVID-19 crisis, destroying lives and economic growth while…


IMF’s Georgieva Says Ukraine War Hits Growth, Threatens to Fragment Global Economy

WASHINGTON—The war in Ukraine is prompting the International Monetary Fund to cut global growth estimates for both 2022 and 2023 as higher food and energy prices pressure fragile economies, the IMF’s managing director, Kristalina Georgieva, said on Thursday. Georgieva said in a “curtain raiser” speech for next week’s IMF and World Bank spring meetings that…