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The Latest Breaking News from Kristalina Georgieva

IMF Says Central Banks Should Not Rush Into Rate Cuts

The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday.

International Business Times

IMF Authorizes $4.7 Bn For Argentina After Milei's 'Bold' Reforms

The International Monetary Fund on Wednesday approved a fresh $4.7 billion for Argentina, praising the new administration of President Javier Milei as he enacts "bold" cost-cutting to bring the country's ailing economy back on track.

International Business Times

Casting their shadow: how Trump, Putin and AI dominated talk at Davos

Neither man was present at World Economic Forum where Labour impressed global business chiefs

The Guardian - UK

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Argentina's 'Anarcho-Capitalist' President Descends On Davos

Argentina's self-styled "anarcho-capitalist" leader, Javier Milei, will address the global elite in Davos on Wednesday as the eccentric libertarian seeks to restore confidence in his country's economy in his first trip abroad as president.

International Business Times

The Development Of Artificial Intelligence Is Threatening 40% Of Jobs Worldwide

As world leaders discuss new AI regulation laws, an investigation found that the technology is set to affect almost half of the industries on a global scale.

International Business Times UK

AI will affect 40% of jobs and probably worsen inequality, says IMF head

‘Crucial’ that countries build social safety nets to mitigate impact on workers, says Kristalina Georgieva

The Guardian - UK

AI will impact 40% of jobs globally, says IMF chief

Artificial intelligence presents both risks and opportunities for job security and global growth, according to the IMF chief.

The Hindu

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Artificial intelligence will affect 40% of jobs globally, warns IMF

The International Monetary Fund said nations need to be prepared to harness AI but also lessen its impact on inequality.

Evening Standard

IMF Chief Says AI Holds Risks, 'Tremendous Opportunity' For Global Economy

AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in an interview in Washington, shortly before departing for the annual World Economic Forum in Davos, Switzerland.

International Business Times

IMF's Georgieva and Yellen to Hold Talks with Egypt

Get the scoop on the upcoming meeting between IMF Chief Georgieva and US Treasury Secretary Yellen with Egyptian authorities. It's a rendezvous of economic...

Top News

Russia-Ukraine war: Russia has damaged or destroyed almost every building in Avdiivka, new report says – as it happened

All 17 of city’s educational institutions hit in major assault by Russia, Centre for Information Resilience says

The Guardian - AU

Argentina’s new government devalues peso by more than 50%

Package of spending cuts introduced in attempt to tackle country’s worst economic crisis in decades

The Guardian - UK

Russia-Ukraine war: List of key events, day 657

As the war enters its 657th day, these are the main developments.

Al Jazeera

Carbon pricing would raise trillions needed to tackle climate crisis, says IMF

Traditionally unpopular carbon taxes could be achieved with regulatory compliance, IMF head tells Cop 28

The Guardian - UK

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France 24

Israel-Hamas war a 'new cloud darkening' the global economy, IMF says

Speaking during a meeting in Marrakech, the International Monetary Fund's managing director said the war between Israel and Hamas was a "new cloud" that was "darkening" the global economic outlook. Kristalina Georgieva said her organisation was monitoring the situation "very closely", although it was too soon to say what specific…

The Guardian - UK

Shocks are new normal for weakened global economy, says IMF head

Kristalina Georgieva says fund had been conducting ‘thinking the unthinkable’ scenario-planning before Israel-Hamas war began

Radio France Internationale

IMF, World Bank hold first meetings in Africa in 50 years

The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change.

The Guardian - UK

IMF clings to a hopeful agenda as crisis follows crisis

At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again

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The Independent UK

IMF chief says the global economy has show resilience in the face of COVID, war and high rates

The global economy has shown remarkable resilience but still bears deep scars from the coronavirus pandemic, the war in Ukraine and rising interest rates

The Guardian - UK

‘It’s not done’: IMF head warns of costs in finally overcoming inflation

Kristalina Georgieva discusses protracted high interest rates and first term dominated by two ‘unthinkable’ events

Zenger

IMF Head Backs Reforms To Increase China’s Voting Power

IMF's Georgieva supports giving China more voting power amid global economic changes.

The Hindu

IMF managing director to attend G20 summit in Delhi after trips to China and Indonesia

IMF MD Kristalina Georgieva to visit China, Indonesia, India for ASEAN & G20 summits. She'll meet with top leaders & discuss global growth outlook. She will be in Jakarta from September 4 to 7 and in New Delhi from September 8 to 10

The Independent UK

Lawmakers press for more scrutiny over China's 'malign influence' at development bank

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean

The Independent UK

IMF deposits much-awaited $1.2 billion with Pakistan's central bank under bailout, minister says

Pakistan's finance minister says the International Monetary Fund has deposited the much-awaited first installment of $1.2 billion with the country's central bank under a new bailout deal

Radio France Internationale

Paris climate summit seeks to provoke 'public financial shock'

During a summit aimed at reimagining the global financial system, French President Emmanuel Macron emphasised on Thursday that no nation should be forced to make a decision between addressing poverty and addressing climate change.

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