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The Latest Breaking News from Kristalina Georgieva

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

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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

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…

France 24

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

The Guardian - UK

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.

Radio France Internationale

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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

The Guardian - 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 Independent 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

The Guardian - UK

IMF Head Backs Reforms To Increase China’s Voting Power

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

Zenger

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 Hindu

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

The Independent UK

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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.

The Independent UK

Pakistan's premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default

Officials say Pakistan’s Prime Minister Shahbaz Sharif has met with the head of the International Monetary Fund in Paris on the sidelines of the global financing summit in a last-ditch effort to unlock a $6 billion bailout package to help avoid a default

Al Jazeera

Pakistan PM Sharif requests IMF release $1.1bn tranche

Pakistan is facing a dire economic situation in an election year with multiple challenges mounting.

The Guardian - UK

Debt relief urgent for poor countries hit by climate shocks, says IMF chief

Exclusive: Kristalina Georgieva calls for ‘debt for climate swaps’ ahead of world summit on new global financial pact

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The Independent UK

IMF head welcomes Europe's interest rate hikes in campaign against inflation

The head of the International Monetary Fund has praised the European Central Bank’s decision to raise interest rate for the eighth time in a row

Al Jazeera

Pakistan PM hopeful of IMF deal this month amid escalating crisis

Shehbaz Sharif’s statement comes as Pakistan seeks immediate release of $1.1bn from IMF, part of $6.5bn bailout package.

Fortune

IMF's Georgieva warns Fed may need to hike further to cool down overheating U.S. economy

The Fed has already hiked to levels not seen since September 2007, but that might not be enough to bring inflation down to sustainable levels.

Radio France Internationale

Zambia asks France to use 'influence' to speed up debt restructuring

Zambian President Hakainde Hichilema has asked French President Emmanuel Macron to use his global influence to help move forward a long-delayed restructuring of Zambia’s foreign debt, after its default in 2020.

Asharq Al-Awsat

Crown Prince Mohammed bin Salman Led ‘Difficult Missions’

In mid-January, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said that Saudi Arabia had become a bright spot for the world and regional economies. Speaking at a session at the World Economic Forum (Davos), Georgieva explained that when she visited Saudi Arabia, she was incredibly impressed…

The Guardian - UK

Age of globalisation is now the age of instability – and we need a plan

Bridgetown Initiative could be way for rich nations’ development finance words to become action

The Guardian - AU

What happened in the Russia-Ukraine war this week? Catch up with the must-read news and analysis

US arrests Jack Teixeira, suspect behind leak of Pentagon documents; fears Ukraine’s drone supremacy may soon be over

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