Trends - Kristalina Georgieva - Business Recorder

World

IMF says ending COVID-19 pandemic possible at cost of some $50bn

Highly unequal vaccination rates.
Rich countries would benefit from boosting donations.
Even with vaccinations, countries return to 'precarious normal'.

Published 21 May, 2021 09:08pm

Business & Finance

IMF announces financing plan aimed at Sudan debt relief

On Monday, Georgieva called the relief "a priority for the IMF."

Published 11 May, 2021 11:21am

Opinion

The global economic response to climate change: what’s the plan?

World leaders participating in the virtual Earth Day summit are unanimous: fighting climate change will be good for...

Published 24 Apr, 2021 03:21am

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

Editorials

Rephasing of IMF conditions

EDITORIAL: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), tweeted subsequent to a...

Published 14 Apr, 2021 03:21am

Print

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

Opinion

IMF, World Bank begin push to swap debt relief for green projects

The idea of forgiving debt held by poor countries in exchange for “green” investments gained ground this week...

Published 12 Apr, 2021 03:59am

Business & Finance

IMF, World Bank begin push to swap debt relief for green projects

Their heavily tourism-dependent economies have seen revenues dry up as the coronavirus pandemic severely curtails world travel.

Updated 11 Apr, 2021 05:52pm

Pakistan

Pakistan to approach IMF for second COVID relief package: PM

These dimensions have been captured both at the national and provincial levels, exploring inequality between and within Pakistan’s provinces.

Updated 07 Apr, 2021 12:22am

Opinion

Need for a ‘new normal’ economic recovery

The pre-Covid world was a neoliberal world, which exacerbated income inequality between the rich and poor within...

Published 02 Apr, 2021 04:58am

Markets

Dollar hits one-year yen high but stocks split

App-driven food delivery company Deliveroo is meanwhile set for London's largest stock market launch in a decade with a valuation of £7.6 billion.

Published 31 Mar, 2021 10:36am

Print

IMF to boost global outlook again

WASHINGTON: The International Monetary Fund will raise its forecast for global economic growth in 2021 and 2022 ...

Published 31 Mar, 2021 05:42am

World

IMF sees global economy improving despite uncertainties

She also praised the "extraordinary effort" of workers throughout the health care universe, including doctors, nurses and vaccine scientists.

Published 30 Mar, 2021 08:54pm

World

IMF to boost global outlook again, warns financial conditions uncertain

IMF sees divergent trends for rich, poor countries.
Fund plans to raise global forecasts for 2021, 2022.
Strong action seen needed to safeguard economic recovery.

Published 30 Mar, 2021 08:24pm

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