"The Palestinian economy's dire outlook is worsening as the conflict persists," managing director Kristalina Georgieva told the World Governments Summit in Dubai. "Only a durable peace and political solution will fundamentally change it".

The IMF sees an important opportunity for policy prescriptions to help address these concerns, Georgieva told AFP. "We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present," she said.

Riyadh, Saudi Arabia - The world should be prepared that the interest rates are here to stay for a longer duration, Managing Director of the International Monetary Fund Kristalina Georgieva said at the Future Investment Initiative (FII) conference in Riyadh.  “We want to see the normalization of the monetary policy...

New Delhi, India-- Appealing to G20 members to lead by example in delivering on the promise of US$100 billion per year for climate finance, International Monetary Fund (IMF) Managing Director Kristalina Georgieva has underscored the need for cohesive effort to prevent grave risks to economic well-being and macro-financial stability from...

The leaders of the International Monetary Fund and World Bank announced that the two institutions will collaborate more closely to tackle the "existential threat" posed by climate change. "Climate change is a threat to global peace, security, economic stability," IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga...

Abu Dhabi, UAE - Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE) discussed ways to enhance the integrity of the financial system in a meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) on Wednesday. They also discussed partnership between CBUAE...

The contribution of the non-oil sector to the growth of the economy is the strongest in the Gulf region, which indicates that the diversification that has been followed over the past years is bearing fruit, adds Georgieva during an interview on the sidelines of the Qatar Economic Forum in Doha.

International markets have been unnerved by the battle between US President Joe Biden and opposition Republicans on US borrowing limits with an early June deadline looming. Some Republicans have questioned whether a quick agreement with the US administration is necessary to avert a painful default.

Even with a better outlook for 2024, global growth will remain well below its historic average of 3.8 percent, she said at the China Development Forum. Uncertainties are exceptionally high, including because of risks of geo-economic fragmentation which could mean a world split into rival economic blocs.

At the end of her two-day visit to Saudi Arabia, she hailed the kingdom's strong “economic performance and impressive progress in implementing their Vision 2030 reform agenda, notably the doubling of the share of women in the labor force in just four years”.

Kristalina Georgieva in a statement.said that the Washington-based organization would immediately begin implementing the strategy.

With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF Managing Director Kristalina Georgieva said Friday. But any temporary pain caused by a recession would be "a necessary price to pay" to defeat damaging inflation, she said.

The war in Ukraine has undercut the global recovery, slowing expected economic growth in most countries in the world, IMF Managing Director Kristalina Georgieva said Thursday. Families already were struggling with higher energy and food prices and "the war has made this much worse."

The IMF plans to raise at least $45 billion for a new trust to help ‘low-income and vulnerable middle-income countries’.

The IMF in January cut the global growth forecast for 2022 to 4.4 percent due to the Omicron variant of Covid-19, after worldwide GDP rose 5.9 percent last year.

After two weeks of talks, the IMF said Friday it has advanced efforts to secure an aid program to help Lebanon overcome its "unprecedented and complex" economic crisis, but more work is needed. The country will need fiscal reforms that ensure it can manage its debt load as well as...

The expert group will conduct an independent review with a view to identifying how the Fund can ensure it has in place effective channels for complaint, dissent and accountability.

An unemployment rate of more than 11 percent and the crisis impact on entrepreneurs and startups major concerns in the region, says IMF chief.

An investigation by a law firm has concluded that Georgieva manipulated data in favor of China while in a senior role at the World Bank.

The 'right prices' must fully reflect both supply costs and environmental costs, especially carbon emissions and local air pollution, said IMF chief Kristalina Georgieva.

An independent investigation found that during her time as World Bank CEO, Georgieva was among top officials who pressured staff into changing data to China's benefit