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The Latest Breaking News from Kristalina Georgieva

Zambia visits by Yellen, IMF reflect concern over stalled debt talks, China

Two of the world's most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how China and other creditors are handling the African country's debt.

Reuters

What we learned at Davos: signs of hope emerge from the pessimism

Prospects for artificial intelligence and green transition fuel sense that the only way is up for the global economy

The Guardian - UK

In cold Davos, warmer days seen for the world economy

Davos (Switzerland) (AFP) - An air of optimism for the global economy blew through Davos this week after fears that the war in Ukraine, an energy crisis and soaring inflation could trigger a global recession.

AFP

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China’s future to AI and jobs: five big questions from Davos

From the threat of AI weaponising spam to a trade war sparked by green subsidies, the taxing topics at this year’s World Economic Forum

The Guardian - UK

IMF chief says global economic outlook ‘less bad’ than feared

Kristalina Georgieva hints growth forecast could be upgraded thanks to retreating inflation, but warns against overoptimism

The Guardian - UK

Western climate subsidies risk hitting emerging markets: IMF

Davos (Switzerland) (AFP) - The head of the IMF warned Friday that Western subsidies to combat climate change and encourage the transition to clean energy sources risked hitting the economies of the developing world.

AFP

IMF: Saudi Arabia Playing Important Role in Energy, Food Security

International Monetary Fund (IMF) Managing Director Kristalina Georgieva underscored on Wednesday the important role Saudi Arabia is playing in energy and food security. “Saudi Arabia takes its good fortunes to heart to play an important role in energy and food security,” she said at the World Economic Forum in Davos.…

Asharq Al-Awsat

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Rocks ahead! Leaders struggle at the helm of the world economy

As food prices soar a near record 11.3 percent today, there's a new outcrop of inflation looming, Jonathan Milne reports. NZ and the world now face a hard landing in which millions may lose their livelihoods.

Newsroom.co.nz

Davos 2023: Global growth to bottom out this year - IMF's Georgieva

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates.

Reuters

IMF chief sees light at the end of the tunnel amid global inflation and recession gloom

Kristalina Georgieva expects growth to bottom out this year.

Fortune

Economic woes, war, climate change on tap for Davos meeting

The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos

The Independent UK

IMF chief to visit Rwanda during visit to Africa -sources

International Monetary Fund chief Kristalina Georgieva will visit Rwanda later this month after traveling to Zambia, three sources familiar with the plans said on Friday.

Reuters

IMF: Full Brunt of Financial Tightening Yet to Materialize

Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle. Global growth is expected to slow further this year, as central banks including the US Federal Reserve have raised…

Asharq Al-Awsat

Full brunt of financial tightening yet to materialize: IMF

Washington (AFP) - Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle.

AFP

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AFP

Stock markets rally on New Year boost but US equities falter

New York (AFP) - Global stocks mostly rallied Tuesday thanks to a New Year boost, clouded however by rising interest rates, recession worries and Russia's war on Ukraine.

Fortune

A global recession is coming, and this is where economists predict will fare the worst

IMF director Kristalina Georgieva said simultaneous contractions in three major economies—the U.S., the EU, and China—will be the driving forces behind a global recession in 2023.

AFP

Markets mostly rise at start of new year, but worries persist

Hong Kong (AFP) - Most markets bounced from early losses and the yen hit a seven-month high Tuesday to start the year on a positive note, but ongoing worries about interest rates, China's growth and the Ukraine war continue to dampen the mood.

AFP

Asian markets struggle out of gate for new year

Hong Kong (AFP) - Most Asian markets bounced from early losses and the yen hit a seven-month high Tuesday to start the year on a positive note, but ongoing worries about interest rates, China's growth and the Ukraine war continue to dampen the mood.

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AFP

European markets start New Year on high note

World (AFP) - European stock markets started the New Year on a high note on Monday after a rough 2022 but the IMF chief warned that a third of the world economy faces recession in 2023.

The National (Scotland)

Third of global economy to be in recession in 2023, IMF chief warns

A THIRD of the world economy will be in recession in 2023, the head of the International Monetary Fund (IMF) has warned.

France 24

Third of world could be in recession in 2023, IMF chief warns

Kristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with…

Al Jazeera

2023 to be tougher for global economy than 2022, IMF chief says

IMF Managing Director Kristalina Georgieva says one-third of world’s economies expected to be in recession this year.

AFP

Growth downgrade for China 'very likely' on Covid surge: IMF chief

Washington (AFP) - A lower growth forecast is "very likely" for China this year and next, with easing Covid-19 restrictions expected to bring a surge in infections and temporary difficulties, IMF chief Kristalina Georgieva told AFP Tuesday.

The Guardian - UK

Economists hail end to zero Covid in China but huge human toll is feared

Low rate of vaccination of elderly and a lack of natural immunity mean country may be in for a bumpy ride

Reuters

IMF chief Georgieva cites 'fruitful exchange' with China on debt issues

International Monetary Fund chief Kristlina Georgieva said she had a "fruitful exchange" with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Zambia and Sri Lanka.

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