Trends - Kristalina Georgieva - Business Recorder

World

US defends IMF reserve increase aimed at poor nations

WASHINGTON: US Treasury Secretary Janet Yellen on Wednesday defended the IMF’s move to increase its reserve...

Published 25 Mar, 2021 05:08am

World

IMF research shows top firms becoming more dominant during pandemic

Due to the pandemic, we estimate that this concentration could now increase in advanced economies by at least as much as it did in the 15 years to end of 2015.
"Even in those industries that benefited from the crisis, such as the digital sector, dominant players are among the biggest winners."

Updated 15 Mar, 2021 09:24pm

World

Big economies agree to boost IMF funding, Georgieva says

"We finally last Friday at the G20 meeting got a green (light) to work on a new SDR allocation," Kristalina Georgieva said during the IMF's African Fiscal Forum, broadcast online.
"500 billion - in which each and every member of the IMF would receive its own share immediately contributing to reserves," she said, without specifying the currency unit.

Published 02 Mar, 2021 09:21pm

Print

IMF MD warns Covid-19 leaving some states behind

WASHINGTON: Group of 20 countries should take strong policy actions to reverse a "dangerous divergence" that...

Published 25 Feb, 2021 04:58am

World

IMF chief warns pandemic leaving some countries behind

She said that should include financing for vaccinations, reallocation of excess supply to countries with a shortage, and scaling up of production.

Published 24 Feb, 2021 09:22pm

World

IMF chief urges strong G20 action to reverse 'dangerous divergence' in global economy

She called for continued, targeted fiscal support by G20 governments to support economies, and said central banks should maintain accommodative monetary and financial policies to support flow of credit to households, and firms.

Published 24 Feb, 2021 07:23pm

World

IMF says COVID-19 might widen wealth differences in Europe

She said in the 27-nation EU, countries that are traditional tourist destinations, such as Spain, Greece, and Italy, contracted more than 9% in 2020 compared to an average contraction of 6.4% across the bloc.
According to IMF forecasts, by the end of 2022, per capita income for central and eastern Europe would be 3.8% below pre-crisis projections, compared with a shortfall of just 1.3% for advanced EU economies.

Updated 22 Feb, 2021 10:06pm

Business & Finance

Rough road ahead for Latam and Caribbean economies: IMF

NEW YORK: Latin American and Caribbean economic activity will not return to pre-pandemic levels of output until 2023...

Published 09 Feb, 2021 04:43am

World

Rough road ahead for Latam and Caribbean economies, says IMF

"The pandemic's resurgence towards the end of the year threatens to thwart an uneven recovery and add to the steep social and human costs," the IMF's economists said in a blog post.
"What we're urging in Latin America is, please concentrate on the reforms that would bring more vibrancy to growth," she said.

Published 08 Feb, 2021 08:08pm

Business & Finance

IMF chief warns of 'lost generation' if low-income countries don't get more help

WASHINGTON: The head of the IMF urged advanced economies to provide more resources to low-income countries, warning...

Published 07 Feb, 2021 04:07am

Business & Finance

IMF's Georgieva tells Argentina it 'takes two to tango' in deal talks

Georgieva told reporters she had a “very constructive” phone call recently with Argentine President Alberto Fernandez but said it was premature to disclose details of a potential program.

Published 06 Feb, 2021 12:06pm

World

IMF's Georgieva says sees Fund debt freeze for poor countries extended through 2021

Georgieva made the comments during an IMF forum on the COVID-19 crisis in developing countries.
The best value spending that countries could make in the crisis are investments to accelerate the distribution of coronavirus vaccines.

Published 09 Dec, 2020 11:01pm

World

Faster coronavirus recovery could add $9 trillion to global income by 2025: IMF's Georgieva

If we may make fast progress everywhere, we could speed up the recovery. And we can add almost $9 trillion to global income by 2025.
Equitable and affordable access to COVID-19 therapeutics and vaccines globally will be key to avoid an economic recovery that leaves "long lasting scars"

Published 16 Oct, 2020 01:18am

World

IMF's Georgieva says US, China need to keep up coronavirus stimulus

A faster recovery also depends on strong cooperation to develop and distribute COVID-19 vaccines evenly worldwide.
"That in turn could help narrow the income gap between richer and poorer nations," she said.

Published 16 Oct, 2020 12:33am

World

IMF ready to help Lebanon but needs partner in government: Georgieva

"It takes two to tango," Georgieva said. "We're ready and very willing to help Lebanon; we need a partner."
Georgieva said it was sad to see the Lebanese people in such a dire situation due to the lack of political determination.

Published 15 Oct, 2020 12:17am

Markets

More synchronized action needed to tackle COVID crisis: IMF's Georgieva

IMF chief says gold reserves needed as 'financial buffer'
World Bank could 'do even more' - Georgieva
African states face financing gap of $345 billion through 2023.

Published 13 Oct, 2020 12:33am

Markets

IMF chief sees $345bn financing gap for African states

IMF Managing Director Kristalina Georgieva told a conference that African states had spent an additional 2.5% of gross domestic product.
The pandemic will not be over anywhere until it is over everywhere," Georgieva said.

Published 10 Oct, 2020 12:52am

World

IMF's Georgieva says virus crisis could ultimately test IMF resources

it was now clear that recovery from global business and travel lockdowns would have to get underway amid the widespread presence of the virus.

Published 26 Jun, 2020 07:59pm