International Monetary Fund (IMF) Managing Director Kristalina Georgieva Wednesday said the greatest risk facing Argentina was inflation. She made those remarks during a speech at the Joint Assembly of the IMF and the World Bank in Washington, DC.
IMF chief Kristalina Georgieva fears that the current situation with the Russia/Ukraine conflict could lead to an explosive situation in many of the poor countries with inflated prices, less jobs and overwhelming debts and called for greater global cooperation.
Argentine President Alberto Fernández Tuesday held a virtual meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, during which he ratified his Government's commitment to the new program agreed upon.
The World Bank Group announced on Wednesday that it had stopped all its programs in Russia and Belarus, with immediate effect, as a result of the Russian invasion of Ukraine and hostilities against the people of Ukraine.
International Monetary Fund Managing Director Kristalina Georgieva made the following statement at the virtual meeting of the G20 Finance Ministers and Central Bank Governors:
By Kristalina Georgieva, IMF Managing Director – Let me start by thanking the Atlantic Council for providing a fitting venue to discuss central banks’ forays into Digital Currencies.
The IMF managing director warned that interest rate hikes by the Federal Reserve could have serious implications for counties with high levels of debt in dollars, cold water on already weak economic recoveries, or in the process of negotiating debts.
By Kristalina Georgieva, IMF Managing Director – In 1785, Robert Burns reflected on how humanity has come to dominate our planet: “I’m truly sorry man’s dominion, has broken nature’s social union,” he wrote. The Scottish poet’s words still ring true two centuries later.
Argentine President Alberto Fernández Saturday underlined before the G20 Summit plenary in Rome that his country's debt with the International Monetary Fund (IMF) was “a clear example of what is wrong” in the international financial system.
Argentina President Alberto Fernández landed Friday in Rome for the G20 Summit. But while at the Italian capital he will also have other engagements, such as a meeting with International Monetary Fund chief executive Kristalina Georgieva to further discuss repayment of the country's US $ 44 billion debt.