The Latest Breaking News from Kristalina Georgieva

As recent banking failures in US and Europe show, rich countries can act quickly when they want to

The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical tension. Concerns over high inflation, rising geopolitical tension and financial stability all hang over the updated forecasts, with the impact…

The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain around 3% for the next five years, IMF Managing Director Kristalina Georgieva said in prepared remarks on Thursday. That is the global lender's lowest medium-term growth forecast since 1990, and well below the…

Kristalina Georgieva says slowdown last year after Covid pandemic and Russian invasion of Ukraine could persist for five years

Countries in a relatively stronger position should help vulnerable nations especially those under debt distress, International Monetary Fund managing director Kristalina Georgieva said on Thursday.

Global economic growth was expected to slow this year, but this month's banking crises have raised the risk of even bigger problems.

Shares in First Citizens Bank surge 45% as it agrees to buy much of Silicon Valley Bank, while Saudi National Bank’s Ammar Alkhudairy resigns

Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses

The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka