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The Latest Breaking News from Kristalina Georgieva

War-torn Ukraine needs at least $3 billion a month in 2023, IMF says

Ukraine will need at least $3 billion a month next year to finance its wartime economy, which means allies will have to step up with more support, the head of the International Monetary Fund said.

Tribune News Service

Ukraine's Zelenskiy appeals for $55 billion to cover budget gap and reconstruction

Ukrainian President Volodymyr Zelenskiy on Wednesday appealed to international donors to increase their financial support, saying more money was needed to rebuild schools and homes destroyed by months of Russian bombardment.

Reuters

IMF Confirms Saudi Economy’s Growth Forecast in Coming Years

The International Monetary Fund (IMF) confirmed its economic growth forecast for Saudi Arabia for the current year at 7.6 percent, the exact forecasts for July and April. Earlier, the Fund increased its expectations twice for the Saudi economy in 2022, making the Kingdom the only country among the G20 whose…

Asharq Al-Awsat

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IMF, World Bank warn of increasing risk of global recession

The heads of the International Monetary Fund and World Bank warned of a rising risk of a global recession as advanced economies slow and faster inflation forces the Federal Reserve to keep raising interest rates, adding to the debt pressures on developing nations.

Tribune News Service

World Bank's Malpass, IMF's Georgieva See Rising Risks of Global Recession

World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remained a continuing problem after Russia's invasion of Ukraine. "There's a risk and real danger of a world recession next year," Malpass said in…

Asharq Al-Awsat

Kwasi Kwarteng buckles up for an awkward first date with the IMF

The chancellor is bound for Washington for talks with the organisation that blasted his mini-budget

The Guardian - UK

IMF warns of higher recession risk and darker global outlook

The International Monetary Fund is once again lowering its projections for global economic growth in 2023

The Independent UK

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IMF chief warns world heading towards age of greater instability

Kristalina Georgieva points to ‘fundamental shift’, with fragile global ties and more frequent natural disasters

The Guardian - UK

Saudi Arabia Signs MoU with IMF to Establish Regional Office in Riyadh

Saudi Arabia concluded a memorandum of understanding with the International Monetary Fund (IMF) to establish a regional office in Riyadh, which would boost its presence in the region and provide its economic recommendations to the countries of the Gulf and the region. Saudi Minister of Finance Mohammed al-Jadaan signed the…

Asharq Al-Awsat

IMF: 141 Million People Across Arab World Are Exposed to Food Insecurity

The International Monetary Fund said on Monday that up to 20 countries, many in Africa, could need emergency assistance to cope with the global food crisis. IMF Managing Director Kristalina Georgieva, speaking at a conference in Saudi Arabia, also said that 141 million people across the Arab world are exposed…

Asharq Al-Awsat

More than 140 million in Arab world exposed to food insecurity - IMF's Georgieva

The managing director of the International Monetary Fund, Kristalina Georgieva, said on Monday that 48 countries are exposed to the global food crisis, and half of them are vulnerable.

Reuters

Forty-one million in Arab world exposed to food insecurity - IMF's Georgieva

The managing director of the International Monetary Fund, Kristalina Georgieva, said on Monday that 48 countries are exposed to the global food crisis, and half of them are vulnerable.

Reuters

Saudi Arabia Underlines Support to IMF Efforts to Alleviate Global Food Crisis

Saudi Minister of Finance Mohammed Al-Jadaan underlined his country’s support to the efforts of the International Monetary Fund (IMF) to mitigate the impact of the global food crisis. During a meeting with IMF Managing Director Kristalina Georgieva, Al-Jadaan discussed areas of bilateral cooperation, including capacity development and the establishment of…

Asharq Al-Awsat

IMF Says Ukraine War Prompts Worst Global Food Crisis Since at Least 2008

The Ukraine war's disruptions to grain and fertilizer flows have prompted the worst food security crisis since at least the one following the 2007-2008 global financial meltdown, with some 345 million people now facing life-threatening shortages, the International Monetary Fund said on Friday. A new IMF research paper estimates that…

Asharq Al-Awsat

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Reuters

IMF says Ukraine war prompts worst global food crisis since at least 2008

Reuters

IMF's Georgieva: 'excellent' meeting with Argentina's president

International Monetary Fund (IMF) chief Kristalina Georgieva said on Monday she had an "excellent" meeting with Argentina's President Alberto Fernandez in New York.

Reuters

IMF Georgieva says discussed longer-term engagement with Ukraine's Zelenskiy

International Monetary Fund Managing Director Kristalina Georgieva said she and Ukraine's President Volodymyr Zelenskiy on Tuesday discussed a longer-term engagement that could build toward a full-fledged financing program for Ukraine.

Reuters

IMF's Georgieva, Zelenskiy discussed ways to boost Ukraine funds

International Monetary Fund chief Kristalina Georgieva said she and Ukraine's President Volodymyr Zelenskiy on Tuesday agreed to explore ways to expand the IMF's support for the war-torn country and build toward a full-fledged financing program.

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Reuters

Ukraine's Zelenskiy to speak with IMF chief on Tuesday -sources

Ukrainian President Volodymyr Zelenskiy will speak with International Monetary Fund Managing Director Kristalina Georgieva on Tuesday, two sources familiar with the plan told Reuters, as Ukraine continues to press the global lender for a full-fledged financing program.

The Hindu

India eyes IMF support ahead of G20 presidency

FM flags global challenges including debt, climate change

Reuters

Zambia wins IMF board approval for $1.3 billion loan program

Zambia won International Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country's quest to restructure its debts and rebuild an economy ravaged by mismanagement and COVID-19.

The Independent UK

Gas disruption due to Ukraine war could trigger Europe recession, IMF warns

Head of IMF urges wealthier countries to provide support to poorer nations as millions at risk of hunger

The Guardian - UK

First Thing: Biden battered by inflation and low approval ratings

The economy, energy prices and upcoming midterms weigh heavily on the president during his Middle East trip. Plus, House committee argues Capitol attack was premeditated

The Independent UK

G-20 finance leaders tackle dire fallout from war in Ukraine

U.S. Treasury Secretary Janet Yellen has urged leaders of major economies to work together in countering the impact from Russia's invasion of Ukraine

The Guardian - AU

Global recession risk rising as economic outlook ‘darkens significantly’, IMF says

Cost-of-living crisis ‘only getting worse’ says IMF chief Kristalina Georgieva, predicting a tough 2022, and ‘even tougher 2023’

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