Oct 20, 2021 10:21 AM IST
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”
- Oct 12, 2021 06:46 PM IST
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.
- Oct 12, 2021 11:17 AM IST
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.
- Oct 12, 2021 07:16 AM IST
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.
- Oct 11, 2021 11:23 AM IST
The lack of clarity over her future comes with the IMF and the World Bank set to begin their fall meetings on Monday.
- Oct 09, 2021 07:31 AM IST
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."
- Oct 03, 2021 10:40 AM IST
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.
- Sep 17, 2021 10:18 AM IST
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.
- Jul 22, 2021 08:15 AM IST
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.
- Jul 21, 2021 09:38 PM IST
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%.
- Jul 09, 2021 11:17 AM IST
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.
- Jun 24, 2021 12:55 PM IST
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.
- Jun 13, 2021 06:27 PM IST
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.
- Mar 02, 2021 10:04 PM IST
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.
- Jan 26, 2021 11:09 PM IST
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.
- Nov 19, 2020 07:10 PM IST
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.
- Oct 15, 2020 04:45 PM IST
Once again, we face two massive tasks: to fight the crisis today and build a better tomorrow, Kristalina Georgieva said.
- Oct 06, 2020 09:31 PM IST
Georgieva said the IMF was continuing to project a "partial and uneven" recovery in 2021.
- Jul 16, 2020 11:20 AM IST
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.
- Jul 10, 2020 01:45 PM IST
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."
- Jul 08, 2020 06:20 PM IST
"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.
- Jun 26, 2020 10:14 PM IST
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.
- Jun 11, 2020 08:13 PM IST
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.
- May 18, 2020 08:50 PM IST
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.
- Apr 21, 2020 09:44 AM IST
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.