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The Latest Breaking News from Kristalina Georgieva

China expresses support for Sri Lanka ahead of debt meeting

China has expressed support for Sri Lanka ahead of a meeting of lenders to poor economies but gave no indication if it might help to cut debts that have plunged the Indian Ocean island nation into financial and political turmoil

The Independent UK

America is probably going to avoid a recession and that's giving markets a 'good reason to be more upbeat,' according to the head of the IMF

Kristalina Georgieva struck a positive tone in a Monday interview, arguing the resilient labor market and China's reopening will boost the U.S. economy.

Fortune

IMF: U.S. economy might yet manage to pull off a soft landing and avoid recession

Treasury Secretary Janet Yellen also downplayed the risk of the U.S. economy contracting: “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years.”

Fortune

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Zambia visits by Yellen, IMF reflect concern over stalled debt talks, China

Two of the world's most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how China and other creditors are handling the African country's debt.

Reuters

What we learned at Davos: signs of hope emerge from the pessimism

Prospects for artificial intelligence and green transition fuel sense that the only way is up for the global economy

The Guardian - UK

China’s future to AI and jobs: five big questions from Davos

From the threat of AI weaponising spam to a trade war sparked by green subsidies, the taxing topics at this year’s World Economic Forum

The Guardian - UK

IMF chief says global economic outlook ‘less bad’ than feared

Kristalina Georgieva hints growth forecast could be upgraded thanks to retreating inflation, but warns against overoptimism

The Guardian - UK

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IMF: Saudi Arabia Playing Important Role in Energy, Food Security

International Monetary Fund (IMF) Managing Director Kristalina Georgieva underscored on Wednesday the important role Saudi Arabia is playing in energy and food security. “Saudi Arabia takes its good fortunes to heart to play an important role in energy and food security,” she said at the World Economic Forum in Davos.…

Asharq Al-Awsat

Rocks ahead! Leaders struggle at the helm of the world economy

As food prices soar a near record 11.3 percent today, there's a new outcrop of inflation looming, Jonathan Milne reports. NZ and the world now face a hard landing in which millions may lose their livelihoods.

Newsroom.co.nz

Davos 2023: Global growth to bottom out this year - IMF's Georgieva

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates.

Reuters

IMF chief sees light at the end of the tunnel amid global inflation and recession gloom

Kristalina Georgieva expects growth to bottom out this year.

Fortune

Economic woes, war, climate change on tap for Davos meeting

The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos

The Independent UK

IMF chief to visit Rwanda during visit to Africa -sources

International Monetary Fund chief Kristalina Georgieva will visit Rwanda later this month after traveling to Zambia, three sources familiar with the plans said on Friday.

Reuters

IMF: Full Brunt of Financial Tightening Yet to Materialize

Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle. Global growth is expected to slow further this year, as central banks including the US Federal Reserve have raised…

Asharq Al-Awsat

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news in one place.

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Fortune

A global recession is coming, and this is where economists predict will fare the worst

IMF director Kristalina Georgieva said simultaneous contractions in three major economies—the U.S., the EU, and China—will be the driving forces behind a global recession in 2023.

The National (Scotland)

Third of global economy to be in recession in 2023, IMF chief warns

A THIRD of the world economy will be in recession in 2023, the head of the International Monetary Fund (IMF) has warned.

France 24

Third of world could be in recession in 2023, IMF chief warns

Kristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with…

Al Jazeera

2023 to be tougher for global economy than 2022, IMF chief says

IMF Managing Director Kristalina Georgieva says one-third of world’s economies expected to be in recession this year.

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news in one place.

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The Guardian - UK

Economists hail end to zero Covid in China but huge human toll is feared

Low rate of vaccination of elderly and a lack of natural immunity mean country may be in for a bumpy ride

Reuters

IMF chief Georgieva cites 'fruitful exchange' with China on debt issues

International Monetary Fund chief Kristlina Georgieva said she had a "fruitful exchange" with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Zambia and Sri Lanka.

ABC News

The Loop: Donald Trump faces criticism from Mitch McConnell, Will Smith on why he 'lost it' on Oscars night, and Oath Keepers founder Stewart Rhodes convicted — as it happened

The news Australia is searching for, and all the news that happened while you snoozed: This is The Loop, your quick catch-up for this morning's stories as they happen.

WEKU

China should end its anti-COVID lockdowns, the head of the IMF says

The change could calm widespread protests, and would ease the impact to a world economy already struggling with high inflation, an energy crisis and disrupted food supply.

The Independent UK

AP Interview: IMF chief urges targeted COVID policy in China

The head of the International Monetary Fund says it’s time for China to move away from mass lockdowns under its “zero-COVID” approach

The Guardian - UK

G20’s dysfunctional family show little sign of working together in a crisis

Communique unlikely to stretch beyond usual platitudes despite the need for a global plan for recovery

Asharq Al-Awsat

Saudi Crown Prince Holds Talks with UAE President, IMF Managing Director at G20 Summit

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, who is leading the Kingdom’s delegation to the G20 Leaders Summit in Bali, met on Tuesday on the sidelines of the event with President of the UAE Sheikh Mohammed bin Zayed Al Nahyan. During the meeting, the leaders exchanged friendly…

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