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  • Will hold IMF chief accountable for integrity changes: Deputy US Treasury Secretary Wally Adeyemo Oct 20, 2021 10:21 AM IST

    Will hold IMF chief accountable for integrity changes: Deputy US Treasury Secretary Wally Adeyemo

    Deputy US Treasury Secretary Wally Adeyemo told a US Senate Banking Committee hearing that it was made clear during meetings that “changes need to be made to ensure whistleblowers' rights are protected and integrity of the institutions are protected”

  • World Economic Outlook| IMF foresees a slight drop in global growth from coronavirus pandemic Oct 12, 2021 06:46 PM IST

    World Economic Outlook| IMF foresees a slight drop in global growth from coronavirus pandemic

    The IMF predicts that for the world's advanced economies as a whole, growth will amount to 5.2% this year, compared with a meager predicted gain of 3% for low-income developing countries.

  • IMF chief Kristalina Georgieva: An image of integrity dented by scandal Oct 12, 2021 11:17 AM IST

    IMF chief Kristalina Georgieva: An image of integrity dented by scandal

    The 68-year-old took the helm of the Washington-based crisis lender in October 2019 after Christine Lagarde departed to lead the European Central Bank.

  • IMF board to back Kristalina Georgieva after review of data-rigging claims: Sources Oct 12, 2021 07:16 AM IST

    IMF board to back Kristalina Georgieva after review of data-rigging claims: Sources

    The 24-member board reached the decision on Monday after marathon meetings over the past week, where members debated the future of Georgieva, a Bulgarian economist and the first person from a developing country to head the fund.

  • IMF says still no decision on whether Kristalina Georgieva keeps her job Oct 11, 2021 11:23 AM IST

    IMF says still no decision on whether Kristalina Georgieva keeps her job

    The lack of clarity over her future comes with the IMF and the World Bank set to begin their fall meetings on Monday.

  • IMF board seeks more details on claims against Kristalina Georgieva Oct 09, 2021 07:31 AM IST

    IMF board seeks more details on claims against Kristalina Georgieva

    The IMF said the board had made "significant progress," but agreed to request "more clarifying details with a view to very soon concluding its consideration of the matter."

  • IMF board to grill investigators, Kristalina Georgieva on data-rigging claims this week: Sources Oct 03, 2021 10:40 AM IST

    IMF board to grill investigators, Kristalina Georgieva on data-rigging claims this week: Sources

    The board will question lawyers from the WilmerHale firm on Monday about their World Bank investigation report, three people familiar with the plans said. The report alleged that Georgieva, as the bank’s CEO in 2017, applied undue pressure on staff to alter data in the flagship "Doing Business" report to benefit China.

  • IMF chief Kristalina Georgieva denies altering World Bank report to appease China Sep 17, 2021 10:18 AM IST

    IMF chief Kristalina Georgieva denies altering World Bank report to appease China

    Based on the findings, the World Bank announced that it was immediately discontinuing its Doing Business report after the investigation found irregularities in the 2018 and 2020 editions.

  • IMF to keep 2021 global growth forecast at 6%: Kristalina Georgieva Jul 22, 2021 08:15 AM IST

    IMF to keep 2021 global growth forecast at 6%: Kristalina Georgieva

    Kristalina Georgieva, speaking at an online event sponsored by the Peterson Institute for International Economics, said that economic recovery will be held back unless the pace of COVID-19 vaccination picks up, adding that a goal of ending the pandemic by the end of 2022 will not be reached at the current pace.

  • IMF to keep 2021 global growth forecast at 6%: Kristalina Georgieva Jul 21, 2021 09:38 PM IST

    IMF to keep 2021 global growth forecast at 6%: Kristalina Georgieva

    The IMF is scheduled to release its next World Economic Outlook forecast update on July 27, but Georgieva said the IMF's projected global growth rate for this year would remain at 6%.

  • IMF chief Kristalina Georgieva cheers lending expansion ahead of G20 meeting Jul 09, 2021 11:17 AM IST

    IMF chief Kristalina Georgieva cheers lending expansion ahead of G20 meeting

    The increase would be the biggest ever for SDRs, which are international reserve assets that aid governments in protecting their financial reserves against global currency fluctuations, and also help the IMF calculate loans and interest rates.

  • Backing grows for new IMF COVID and climate fund Jun 24, 2021 12:55 PM IST

    Backing grows for new IMF COVID and climate fund

    IMF chief Kristalina Georgieva this month proposed the new trust to allow rich countries to channel some of their new IMF reserves to poor and middle-income counterparts ravaged by COVID or climate change.

  • One billion vaccine doses only a start: IMF chief Kristalina Georgieva Jun 13, 2021 06:27 PM IST

    One billion vaccine doses only a start: IMF chief Kristalina Georgieva

    Kristalina Georgieva's comments in a virtual press conference at the Group of Seven summit Sunday came after UK Prime Minister Boris Johnson said he hoped G-7 leaders would agree to provide at least 1 billion vaccine doses for poorer countries.

  • Big economies agree to boost IMF funding: Kristalina Georgieva Mar 02, 2021 10:04 PM IST

    Big economies agree to boost IMF funding: Kristalina Georgieva

    Finance officials from the Group of 20 major economies on Friday expressed broad support for boosting the IMF's emergency reserves after US officials dropped the previous administration's opposition.

  • All hands needed on deck to help world recover from pandemic: IMF chief Jan 26, 2021 11:09 PM IST

    All hands needed on deck to help world recover from pandemic: IMF chief

    Speaking at the World Economic Forum's online Davos Agenda Summit, she said the IMF is projecting 5.5 per cent global economic growth for 2021, which is higher than before.

  • COVID-19 impact: Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva Nov 19, 2020 07:10 PM IST

    COVID-19 impact: Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva

    The report, released ahead of this week's virtual meetings of finance officials and leaders from the Group of 20 countries, underscored the uneven nature of the global recovery and warned the crisis would likely leave deep, unequal scars.

  • World facing new Bretton Woods moment: IMF MD Kristalina Georgieva Oct 15, 2020 04:45 PM IST

    World facing new Bretton Woods moment: IMF MD Kristalina Georgieva

    Once again, we face two massive tasks: to fight the crisis today and build a better tomorrow, Kristalina Georgieva said.

  • World economy faces long, hard climb out of pandemic, says IMF Chief Kristalina Georgieva Oct 06, 2020 09:31 PM IST

    World economy faces long, hard climb out of pandemic, says IMF Chief Kristalina Georgieva

    Georgieva said the IMF was continuing to project a "partial and uneven" recovery in 2021.

  • IMF chief Kristalina Georgieva warns global economy 'not out of the woods,' dangers lurk Jul 16, 2020 11:20 AM IST

    IMF chief Kristalina Georgieva warns global economy 'not out of the woods,' dangers lurk

    Kristalina Georgieva said the fiscal costs of actions aimed at containing the pandemic and mitigating its economic fallout were driving up already high debt levels, but it was premature to start withdrawing needed safety nets.

  • IMF, World Bank confirm plans for 'primarily virtual' annual meetings Jul 10, 2020 01:45 PM IST

    IMF, World Bank confirm plans for 'primarily virtual' annual meetings

    In a joint statement, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass said they were recommending the annual meetings, set for October 12-18, be held in a "primarily virtual format."

  • IMF head Kristalina Georgieva urges pandemic response that tackles climate crisis Jul 08, 2020 06:20 PM IST

    IMF head Kristalina Georgieva urges pandemic response that tackles climate crisis

    "Looking ahead, policies should lay the foundation for a low-carbon, resilient recovery that would create millions of jobs while help address the climate crisis," she told an International Labour Organization conference.

  • IMF chief Georgieva says coronavirus crisis could ultimately test $1 trillion war chest Jun 26, 2020 10:14 PM IST

    IMF chief Georgieva says coronavirus crisis could ultimately test $1 trillion war chest

    Georgieva told a Reuters Newsmaker webcast event that it was now clear that an economic recovery would have to get underway without a medical breakthrough and the virus' presence still widespread throughout the world.

  • $10 trillion spent to combat pandemic, far more needed: IMF Jun 11, 2020 08:13 PM IST

    $10 trillion spent to combat pandemic, far more needed: IMF

    IMF Managing Director Kristalina Georgieva said new estimates suggested that up to 100 million people could be pushed into extreme poverty as a result of the crisis, and further spending should focus on minimizing job losses and preventing a rise in inequality.

  • IMF chief warns full global economic recovery unlikely in 2021 May 18, 2020 08:50 PM IST

    IMF chief warns full global economic recovery unlikely in 2021

    Managing Director Kristalina Georgieva said the Fund was likely to revise downward its forecast for a 3 percent contraction in GDP in 2020, with only a partial recovery expected next year instead of the 5.8 percent rebound initially expected.

  • IMF may need 'exceptional measures' to facilitate pandemic response: MD Georgieva Apr 21, 2020 09:44 AM IST

    IMF may need 'exceptional measures' to facilitate pandemic response: MD Georgieva

    More resources may be needed if market pressures continue to mount, and lending - even on easy terms - is not always the best solution, given already high debt burdens faced by many countries, she said.

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