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Tag Archives: Kristalina Georgieva

IMF chief lauds Kenya’s economic recovery program

Nairobi, Kenya | Xinhua | International Monetary Fund (IMF) Managing Director Kristalina Georgieva has expressed confidence in the Kenyan government’s economic recovery program. Georgieva, who is on a visit to Kenya, lauded the country’s decision to prioritize investment in agriculture and Micro and Small Enterprises (MSESs) that offer quick turnaround results. …

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IMF chief hails Rwanda’s climate actions

Kigali, Rwanda | Xinhua | Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has hailed policies and sustained implementation of reforms to address climate change by the different stakeholders in Rwanda. “I came away impressed by the dynamism and creativity of Rwandan youth advocating for climate action and environmental conservation, …

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Oil prices tumble over 4 pct as recession fears mount

New York, U.S. | Xinhua | Oil prices fell sharply on Tuesday amid growing concerns over the global economic outlook. The West Texas Intermediate for February delivery dropped 3.33 U.S. dollars, or 4.15 percent, to settle at 76.93 dollars a barrel on the New York Mercantile Exchange. Brent crude for March …

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IMF chief warns of risk of geopolitical fragmentation amid global slowdown

Washington, U.S. | Xinhua | There is a risk of geopolitical fragmentation, as geopolitics turn into geo-economics with negative impacts, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Friday. “Emerging markets and developing countries have stressed that for them, it is paramount that they have the opportunity to drive …

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IMF chief highlights “fundamental shift” in global economy

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said Thursday there is a “fundamental shift” in the global economy, urging countries to bring down inflation, put in place responsible fiscal policy, and jointly support emerging market and developing economies. The global economy is moving “from a world of …

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UN chief welcomes creation of new IMF trust

United Nations | Xinhua | UN Secretary-General Antonio Guterres on Saturday welcomed the creation of the Resilience and Sustainability Trust (RST) by the International Monetary Fund (IMF), said his spokesman. Guterres congratulated IMF Managing Director Kristalina Georgieva and the Executive Board for approving the new RST effective May 1, said spokesman …

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Go slow on IMF financing, gov’t tells civil society

Kampala, Uganda | THE INDEPENDENT | The recent allocation of special drawing rights by the International Monetary Fund to its members has triggered fears of misuse, since the resource had been described as free, and not a loan. Special Drawing Rights are an international reserve asset, created by the IMF to …

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