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Tag Archives: Kristalina Georgieva

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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U.S.-China cooperation vital for faster global recovery: IMF chief

Washington, USA |  XINHUA |  Cooperation between the United States and China, the world’s two largest economies, would be vital for a faster global recovery from the COVID-19 pandemic, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Thursday. “What we see today is the U.S. and …

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IMF approves debt relief for 25 poor countries

Washington, United States | AFP | The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic. “This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six …

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IMF warns coronavirus recession could be worse than 2009

Washington, United States | AFP | The world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, IMF chief Kristalina Georgieva said Monday. Georgieva called on advanced economies to provide more support to low income countries, which face a …

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