The Latest Breaking News from Kristalina Georgieva

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

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 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…

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.

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

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 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.

Rolling coverage of the latest economic and financial news

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