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The Latest Breaking News from Kristalina Georgieva

Russia has launched its offensive in Ukraine's east, says Zelensky

Russia's anticipated new offensive in Ukraine's eastern Donbas region has begun, Ukrainian President Volodymyr Zelensky announced Monday. Ukraine's top security official said earlier that Russia had launched the "second phase" of the war, with Russian forces attempting to break through defences in the Donetsk, Luhansk and Kharkiv regions but had…

France 24

Zelenskiy, IMF managing director discuss Ukraine's 'post-war reconstruction'

Ukrainian President Volodymyr Zelenskiy said on Sunday he spoke with IMF Managing Director Kristalina Georgieva about Ukraine's financial stability and the country's post-war reconstruction.

Reuters

Russia-Ukraine updates: Putin honours troops accused of abuses

Ukraine news from April 18: Putin praises ‘mass heroism’ of brigade accused of carrying out mass killings in Bucha.

Al Jazeera

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Ukraine-Russia war updates: Volodymyr Zelenskyy says he will not surrender Ukrainian territory to end the war — as it happened

With Russia amassing more of its forces to the east of Ukraine and looking set to increase its assault on the Donbas region, Ukrainian President Volodymyr Zelenskyy says he is not willing to give up territory to do a peace deal.

ABC News

IMF wags its finger at central banks – but are they listening?

Calls to mitigate the effect of higher interest rates on poorer countries may not be enough when debt cancellation is needed

The Guardian - UK

IMF chief: Ukraine war and inflation threaten global economy

The head of the International Monetary Fund warned that Russia’s war against Ukraine was weakening the economic prospects for most of the world’s countries and called high inflation “a clear and present danger’’ to the global economy

The Independent UK

IMF to lower global growth forecasts due to Ukraine war and Covid

Inflation shock caused by the invasion and ongoing pandemic is ‘a crisis on top of a crisis’ says IMF chief

The Guardian - UK

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IMF Unveils New Trust to Help 'Vulnerable' Countries

The IMF plans to raise at least $45 billion for a new trust to help "low-income and vulnerable middle-income countries" cope with protracted challenges like pandemics and climate change, it announced Wednesday.

Asharq Al-Awsat

Ukraine economy to shrink by almost half this year, World Bank forecasts

Bank says many surrounding countries will suffer severe hardship as result of invasion, with Russia predicted to fall into recession

The Guardian - UK

Climate disasters rising faster in MENA than any other region

Data from the past century shows temperatures in the region have risen by 1.5°C – twice the global increase.

Al Jazeera

Climate-Related Disasters Pose ‘Major’ Growth Threat in Middle East, Central Asia, Warns IMF

The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a "major threat" to growth and prosperity, IMF Managing Director Kristalina Georgieva said. A new International Monetary Fund paper showed that climate disasters in the region injured…

Asharq Al-Awsat

Qatar’s Finance Minister Warns of Surge in Food Prices Globally

Qatar’s finance minister said on Sunday that energy prices should be fair for both producers and consumers. “We need stable and fair prices that can be supported by the supplier as well as the buyer.

Asharq Al-Awsat

Ukraine War Threatens Food Supplies in Fragile Arab World

Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse.

Asharq Al-Awsat

Ukraine war threatens food supplies in fragile Arab world

Soaring energy and food prices triggered by Russia’s invasion of Ukraine are pushing some Middle Eastern and North African countries to the brink

The Independent UK

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Tribune News Service

Ukraine war Hits world economy like an earthquake, IMF head says

The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries, according to the head of the International Monetary Fund.

The Guardian - UK

Russia threatens to pay external debt in roubles; Ukraine’s GDP ‘could shrink 35%’; UK petrol to surge – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Russian default on debts no longer ‘improbable’, says IMF head

Fund says a default from Russia after sanctions over its invasion of Ukraine would not trigger a global financial crisis

Reuters

Russian default no longer 'improbable', but no trigger for global financial crisis- IMF

Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Sunday.

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Reuters

IMF chief Georgieva says Ukraine war to lower global growth forecast

The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade, sending food and energy prices sharply higher and forcing the International Monetary Fund to lower its global growth forecast next month, IMF Managing Director Kristalina Georgieva said on Thursday.

Reuters

IMF board to consider $1.4 billion in funding for Ukraine on Wednesday - Georgieva

The International Monetary Fund's executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond to Russia's invasion, IMF Managing Director Kristalina Georgieva said on Tuesday.

Reuters

Ukraine war adds to economic, social setbacks for women -IMF's Georgieva

The war in Ukraine has worsened a difficult period for women, who have seen major economic and social setbacks prompted by the COVID-19 pandemic, International Monetary Fund Managing Director Kristalina Georgieva told the U.N. Security Council on Tuesday.

The Guardian - UK

Kristalina Georgieva: the IMF boss tackling Covid, the climate crisis and, now, war

The attitudes of the first fund chief to come from a former communist country were shaped by her early life, but her focus is now on a greener post-Covid future

Asharq Al-Awsat

Ukraine Requests 'Emergency Financing' from IMF

Ukraine has requested additional aid from the IMF following the Russian invasion, the fund's leader Kristalina Georgieva said Friday. The crisis lender has an existing $2.2 billion aid program with Kyiv and "the authorities have also requested IMF emergency financing," Georgieva said in a statement. The fund's board met to…

The Guardian - UK

Oil prices hit seven-year highs close to $100 after Russia moves troops into Ukraine – as it happened

Germany pulls plug on Nord Stream 2 pipeline, as UK and European shares see-saw and rouble sinks to two-year low

Asharq Al-Awsat

IMF Will Only Support a 'Comprehensive Program' for Lebanon, Says Georgieva

IMF Managing Director Kristalina Georgieva said on Thursday the fund would only support a "comprehensive program" for Lebanon that would tackle all the country's ills, including corruption. "Our team is working very closely with their Lebanese counterparts," Georgieva told reporters.

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