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The Latest Breaking News from Kristalina Georgieva

US, UK and Canada walk out of G20 meeting over war in Ukraine

Sources say US Treasury secretary and BoE governor among those to leave as Russian delegates spoke

The Guardian - UK

IMF, World Bank chiefs warn of debt squeeze in poor nations

The heads of the International Monetary Fund and the World Bank are warning that rising interest rates are squeezing the world’s poorest countries as they struggle with the coronavirus and soaring food prices

The Independent UK

Timeline: Week eight of Russia’s war in Ukraine

Al Jazeera recaps key events during week eight of Russia’s invasion of Ukraine.

Al Jazeera

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IMF head warns rising food and fuel prices strain family budgets ‘to breaking point’ – as it happened

IMF managing director Kristalina Georgieva says ‘double crisis’ from Ukraine war and Covid is ‘a massive setback for the global recovery,’ as the fund says it’s open to emergency financing for nations facing food insecurity

The Guardian - UK

Citing Russia’s War, IMF Cuts Global Growth Forecast to 3.6%

The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia's war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. The 190-country lender cut its forecast…

Asharq Al-Awsat

UK GDP growth to slow to worst in G7 in 2023, says IMF – as it happened

Live rolling coverage of business, economics and financial markets as global growth forecasts downgraded amid Ukraine invasion and inflation

The Guardian - UK

Nirmala Sitharaman meets IMF chief; discusses impact of geopolitical situation on global growth

Kristalina Georgieva also appreciated India's help to Sri Lanka in tackling its economic crises and assured that the IMF would continue to actively engage with the island nation

The Hindu

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Cryptos and a CBDC are not the same thing

The central bank must note that a Central Bank Digital Currency can only be a fiat currency and not a crypto

The Hindu

Will Biden ever stand up to the IMF’s abuses of power?

The IMF claims to deliver stability, strength, and solidarity. Its record shows the opposite

The Guardian - US

President Zelensky calls for quicker sanctions from West and outlines Donbas fears - full speech in English

He was speaking on the 53rd day of the Russian invasion of his country

Wales Online

Russia has launched its offensive in Ukraine's east, says Zelensky

Russia's anticipated new offensive in Ukraine's eastern Donbas region has begun, Ukrainian President Volodymyr Zelensky announced Monday. Ukraine's top security official said earlier that Russia had launched the "second phase" of the war, with Russian forces attempting to break through defences in the Donetsk, Luhansk and Kharkiv regions but had…

France 24

Zelenskiy, IMF managing director discuss Ukraine's 'post-war reconstruction'

Ukrainian President Volodymyr Zelenskiy said on Sunday he spoke with IMF Managing Director Kristalina Georgieva about Ukraine's financial stability and the country's post-war reconstruction.

Reuters

Russia-Ukraine updates: Putin honours troops accused of abuses

Ukraine news from April 18: Putin praises ‘mass heroism’ of brigade accused of carrying out mass killings in Bucha.

Al Jazeera

Ukraine-Russia war updates: Volodymyr Zelenskyy says he will not surrender Ukrainian territory to end the war — as it happened

With Russia amassing more of its forces to the east of Ukraine and looking set to increase its assault on the Donbas region, Ukrainian President Volodymyr Zelenskyy says he is not willing to give up territory to do a peace deal.

ABC News

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The Guardian - UK

IMF wags its finger at central banks – but are they listening?

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

The Independent UK

IMF chief: Ukraine war and inflation threaten global economy

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 Guardian - UK

IMF to lower global growth forecasts due to Ukraine war and Covid

Inflation shock caused by the invasion and ongoing pandemic is ‘a crisis on top of a crisis’ says IMF chief

Asharq Al-Awsat

IMF Unveils New Trust to Help 'Vulnerable' Countries

The IMF plans to raise at least $45 billion for a new trust to help "low-income and vulnerable middle-income countries" cope with protracted challenges like pandemics and climate change, it announced Wednesday.

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news in one place.

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The Guardian - UK

Ukraine economy to shrink by almost half this year, World Bank forecasts

Bank says many surrounding countries will suffer severe hardship as result of invasion, with Russia predicted to fall into recession

Al Jazeera

Climate disasters rising faster in MENA than any other region

Data from the past century shows temperatures in the region have risen by 1.5°C – twice the global increase.

Asharq Al-Awsat

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…

Asharq Al-Awsat

Qatar’s Finance Minister Warns of Surge in Food Prices Globally

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.

Asharq Al-Awsat

Ukraine War Threatens Food Supplies in Fragile Arab World

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

The Independent UK

Ukraine war threatens food supplies in fragile Arab world

Soaring energy and food prices triggered by Russia’s invasion of Ukraine are pushing some Middle Eastern and North African countries to the brink

Tribune News Service

Ukraine war Hits world economy like an earthquake, IMF head says

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.

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