Kristalina Georgieva

IMF allocates record $650B to help countries offset pandemic effects

Allocation will provide additional liquidity to global economic systems, add to member countries’ FX reserves and reduce their reliance on more expensive domestic or external debt, IMF Managing Director Kristalina Georgieva says.

IMF sees rising prospects of global growth despite uncertainties

IMF Managing Director Kristalina Georgieva said that when the IMF releases its updated economic forecast next week, it will show the global economy growing at a faster pace than the 5.5 percent gain it projected at the start of the year.

Coronavirus, recession dominates Saudi-hosted G20 summit

World's top economies are virtually debating Covid-19 action plan and measures to stem the pandemic's impact on global economies, including debt relief for the poorest countries.

Saudi hosts G20 talks on debt crisis, virus recovery

G20 finance ministers and central bankers say the global economy would recover as economies gradually reopen, but said further actions were needed to ensure growth.

Ukraine gets $5B lifeline amid coronavirus recession

Ukraine will receive an immediate disbursement of about $2.1 billion from the 18-month Stand-By Arrangement, the IMF said in a statement.

China and Indonesia's 'developing' status muddies post-pandemic recovery

Trade is the key to China’s and Indonesia’s economic recovery. But this will be hampered by their new World Trade Organization designation.

Pandemic to hit growth in Asia, China – World Bank

The World Bank's report projects that growth in China and other East Asian-Pacific countries will slow to 2.1 precent this year from 5.8 percent in 2019 under a “baseline” forecast in which economic recovery takes hold this summer.

International relations and power in the coronavirus age

Will we see a new cold war emerge?

IMF chief: 'Clear we have entered recession'

"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.

Coronavirus puts 'fragile' global recovery at risk - IMF

Global growth was poised for a modest rebound to 3.3 percent this year, up from 2.9 percent last year, International Monetary Fund chief Kristalina Georgieva said.

World suffering 'synchronised slowdown' – IMF boss

Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, new chief of International Monetary Fund Kristalina Georgieva warns.

World Bank's Kim to resign effective Feb 1, work on infrastructure

Kim had pushed financing for green energy projects and dropped support for coal power investments. President Trump will wield strong influence in choosing Kim's successor as the US holds a controlling share of the Bank's voting rights.