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Kristalina Georgieva

IMF chief urges G20 to adopt carbon price floor to reach climate goals
World

IMF chief urges G20 to adopt carbon price floor to reach climate goals

  • A robust price on carbon was needed to ensure that global carbon emissions were reduced in line with the goals of the 2015 Paris climate accord, she said, noting that over 60 pricing schemes had already been implemented.
  • Setting a price floor could avoid less efficient and contentious border carbon adjustments if some countries moved ahead with robust pricing and others did not.
Published 22 Apr, 2021 08:08pm
IMF, govt discuss situation
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IMF, govt discuss situation

ISLAMABAD: The International Monetary Fund (IMF) and Pakistan, on Monday, held discussions on state of economy,...
Updated 13 Apr, 2021 09:27am
IMF research shows top firms becoming more dominant during pandemic
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
Big economies agree to boost IMF funding, Georgieva says
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
IMF says COVID-19 might widen wealth differences in Europe
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
Rough road ahead for Latam and Caribbean economies, says IMF
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
IMF chief sees $345bn financing gap for African states
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