Kristalina Georgieva News

04.05 / 09:39

markets UPS economy country shock strain Here’s what’s shoring up the global economy during the energy shock

Subscribe to enjoy similar stories.TOKYO—One of the major surprises about the gravest energy shock since the 1970s is how resilient much of the world has been so far.The closure of the Strait of Hormuz has yanked around 13 million barrels of oil a day from global energy supplies. Blackouts have hit Pakistan, the Philippines has imposed a four-day workweek, and countries including Slovenia and Bangladesh have rationed fuel.

15.02 / 10:15

COST Progressive Aware Enterprise wellness Experts innovations No DeepSeek-like splash: India will showcase small AI, early startups at Summit starting tomorrow

Subscribe to enjoy similar stories. NEW DELHI : Despite global attention, India’s artificial intelligence (AI) startups and policymakers do not expect a “DeepSeek moment" to emerge from New Delhi’s weeklong AI gala beginning tomorrow.

10.12 / 13:11

markets Manufacturing economy Trade country social International China is too big to rely on exports for growth, IMF chief warns

Subscribe to enjoy similar stories. BEIJING—The head of the International Monetary Fund warned China that its dominance over manufacturing risks exacerbating global trade tensions, urging Beijing to take far greater action to shift its economy toward domestic consumption. “As the second largest economy in the world, China is simply too big to generate much growth from exports," said IMF Managing Director Kristalina Georgieva on Wednesday.

05.03 / 04:43

markets Digital pandemic Trade President International Trade no longer driving growth as in past, IMF’s Georgieva says

International Monetary Fund Managing Director Kristalina Georgieva. Many nations are facing weaker growth prospects and are saddled with high debt while supply chains have come under pressure due to the Covid-19 pandemic and geopolitical developments, Georgieva said remotely from the US at an IMF event in Tokyo. “We also know trade is no longer the engine of global growth it used to be,” she said. “The new US administration is rapidly reshaping its policies on trade, taxation, public spending, deregulation and digital assets, and other governments are also recalibrating their approaches and adjusting their policies.”

24.10 / 19:49

Action economy pandemic Trade country reports International IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms

The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday

21.10 / 04:15

markets economy Trade President show reports IMF Warning: World’s $100 trillion fiscal timebomb keeps ticking

Two weeks ahead of a potentially era-defining US election, and with the world’s recent inflation crisis barely behind it, ministers and central bankers gathering in the nation’s capital face intensifying calls to get their fiscal houses in order while they still can.

18.10 / 10:01

security economy Election Trade President country International US presidential election looms over IMF and World Bank annual meetings

Global finance leaders are facing a major uncertainty as they meet in Washington next week: Who will win the U.S. presidential election and shape the policies of the world’s biggest economy

26.09 / 02:59

markets Digital Progressive economy country International The IMF approves a $7 billion loan for Pakistan, which will get $1 billion immediately

Pakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country

25.09 / 19:25

markets MET economy RAI International Pakistan says the IMF has approved a $7 billion loan

International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement. The loan — which Islamabad will receive in installments over 37 months — is aimed at boosting Pakistan's ailing economy, officials added. Prime Minister Shehbaz Sharif in a statement hailed the deal that his team had been negotiating with the IMF since June. He thanked Kristalina Georgieva, the head of the IMF and her team, for the approval.

30.07 / 23:59

markets economy Align country consequences International diving Ethiopia's currency dives by 30% as IMF-backed reforms to stabilize the economy take effect

Ethiopia’s currency has lost 30% of its value the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to stabilize the eastern African nation’s economy

27.06 / 21:35

markets Target economy Cycling International IMF says Fed should hold interest rates where they are until 'at least' end of year

The Federal Reserve should wait to cut interest rates until «at least» the end of the year, according to the head of the International Monetary Fund. The U.S. is the only G20 economy to see growth above pre-pandemic levels, and «robust» growth indicates ongoing upside risks to inflation, the 190-country agency said.

30.04 / 03:05

security economy Sustainability country Inside reports IMF approves final USD 1.1 bn tranche for Pakistan's bailout package

Pakistan to stave off a sovereign default, particularly as the existing arrangement is set to expire this month. Following discussions in Washington, the IMF Executive Board approved Pakistan's request for the release of funds. Insiders suggest that Pakistan can expect to receive the loan disbursement promptly, likely as soon as tomorrow (Tuesday), following the IMF's authorisation, as reported by ARY News.

29.04 / 08:39

CBDC Digital economy country inclusion reports Pakistan’s Finance Minister Reaffirms Government’s Interest in Digital Currency

Pakistan’s plans for a central bank digital currency (CBDC) gained fresh momentum on Sunday, with finance minister Muhammad Aurangzeb raising the debate again.

13.04 / 19:23

markets economy pandemic country shock recommendations International Kristalina Georgieva selected for second term as IMF managing director

International Monetary Fund's executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. «The Board commended Ms. Georgieva's strong and agile leadership during her term, navigating a series of major global shocks,» it said in a statement. Georgieva had been the only candidate for the job.

12.04 / 09:23

COST economy Citigroup Boeing Invesco trends IMF managing director warns central banks to 'resist' calls for early rate cuts

Speaking at the Atlantic Council, Kristalina Georgieva said high inflation across advanced economies was «not fully defeated» and could require a longer wait before reducing borrowing costs. She said major economies have, generally, seen inflation trend downwards in recent months, which she expects to continue in 2024, «creating the conditions for major advanced economy central banks to begin cutting rates in the second half of the year». Invesco and Citigroup tout May BoE cut but central bank consensus eludes economists But she heeded that the «pace and timing of the monetary pivo...

24.03 / 13:05

markets UPS CEO Apple economy Remark show China told it faces 'fork in the road' as officials meet CEOs

By Colleen Howe and Jing Xu

08.03 / 02:01

markets UPS security economy country reports International IMF's Georgieva interested in second term as fund's head, has support, say sources

By David Lawder

28.02 / 02:33

UPS Progressive economy War country International G20 finance ministers meet on world economy hit by crises, conflicts

G20 finance ministers will meet Wednesday in Brazil, seeking ways to shore up a global economy whose nascent recovery is threatened by a raft of conflicts and crises, including the wars in Ukraine and Gaza. The Ukraine war could take center stage at the meeting, with G7 countries due to meet on the sidelines to discuss shoring up Western support against Russia's invasion — including what US Treasury Secretary Janet Yellen called an «urgent» proposal to use frozen Russian assets to increase aid for Kyiv.

27.02 / 20:25

Reuters Progressive economy country cover Interviews International Timelines, predictability key issues for next sovereign debt roundtable -Georgieva

By Andrea Shalal

12.02 / 18:39

economy Dreams pandemic War World economy poised for soft landing we've been dreaming for: IMF's Georgieva

IMF) is now «very confident» the global economy will see a soft landing, its managing director Kristalina Georgieva said on Monday, adding that interest rates would start coming down around mid year. «We are very confident that the world economy is now poised for this soft landing we have been dreaming for,» after some of the sharpest interest rate hikes in decades, Georgieva said at the World Governments Summit in Dubai.

12.02 / 13:11

Target Fighting economy War gatherings International IMF, World Bank warn Gaza war, Red Sea attacks imperil global economy

IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy. The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, said the International Monetary Fund's managing director Kristalina Georgieva.

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