Kristalina Georgieva

IMF approves $2.9B bailout for cash-strapped Sri Lanka

Sri Lanka defaulted on its foreign debt in April 2022 as the country plunged into its worst economic downturn since independence because of a major shortage in foreign currency reserves.

Tunisia, Egypt line up for IMF bailouts

Heavily indebted Tunisia has secured a $1.9 billion loan while Egypt is close to finalising a deal.

IMF aims to raise over $45B to help 'vulnerable' countries with new trust

IMF's Resilience and Sustainability Trust (RST) will come into effect on May 1, which aims to help countries affected by the fallout of Covid-19 and the climate crisis.

IMF allocates record $650B to help countries offset pandemic effects

Allocation will provide additional liquidity to global economic systems, add to member countries’ FX reserves and reduce their reliance on more expensive domestic or external debt, IMF Managing Director Kristalina Georgieva says.

IMF sees rising prospects of global growth despite uncertainties

IMF Managing Director Kristalina Georgieva said that when the IMF releases its updated economic forecast next week, it will show the global economy growing at a faster pace than the 5.5 percent gain it projected at the start of the year.

Coronavirus, recession dominates Saudi-hosted G20 summit

World's top economies are virtually debating Covid-19 action plan and measures to stem the pandemic's impact on global economies, including debt relief for the poorest countries.

Saudi hosts G20 talks on debt crisis, virus recovery

G20 finance ministers and central bankers say the global economy would recover as economies gradually reopen, but said further actions were needed to ensure growth.

Ukraine gets $5B lifeline amid coronavirus recession

Ukraine will receive an immediate disbursement of about $2.1 billion from the 18-month Stand-By Arrangement, the IMF said in a statement.

China and Indonesia's 'developing' status muddies post-pandemic recovery

Trade is the key to China’s and Indonesia’s economic recovery. But this will be hampered by their new World Trade Organization designation.

Pandemic to hit growth in Asia, China – World Bank

The World Bank's report projects that growth in China and other East Asian-Pacific countries will slow to 2.1 precent this year from 5.8 percent in 2019 under a “baseline” forecast in which economic recovery takes hold this summer.

International relations and power in the coronavirus age

Will we see a new cold war emerge?

IMF chief: 'Clear we have entered recession'

"It is clear that we have entered a recession" that will be worse than in 2009 following the global financial crisis, IMF chief Kristalina Georgieva said.