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Tag Archives: Kristalina Georgieva

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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World Bank deploys $300 mn to DR Congo to contain Ebola outbreak

Washington, United States | AFP | The World Bank announced Wednesday it was deploying another $300 million in crisis aid for DR Congo to help contain the year-old Ebola outbreak. The financing comes after the World Health Organization (WHO) last week declared the current outbreak a Public Health Emergency of International …

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Right investments for human capital crisis

  Focus on productivity-linked indicators such as child survival, stunting, learning-adjusted years of school COMMENT | Kristalina Georgieva | Project Syndicate | For 75 years, the World Bank has been at the forefront of development, helping countries make smart investments to prepare their citizens for the future. It has been …

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