Kristalina Georgieva

Bulgarian economist and CEO

48 stories

44 quotes

The situation demands an urgent and comprehensive set of policy responses,
Advanced economies are the worst offenders,
Some very tough political choices stare us in the face,
My message is, get your house in order,
Policymakers had a relatively easy ride over the last 17 years, as for all that time interest rates were stuck below GDP growth rates,
Now may be a good time for a prudently hawkish bias in many countries’ monetary policy,

Earlier

World Bank plans up to $2 billion guarantee to help Argentina refinance debt

Reutersreuters.com/world/americas…

The loan would be repayable over six years, including a three-year grace period, and would be almost fully backed by two World Bank institutions — the International Bank for Reconstruction and Development and the Multilateral Investment Guarantee Agency, reported Bloomberg on Thursday

Buenos Aires Timesbatimes.com.ar/news/economy…

Argentina reaches IMF staff deal, opening door to $1 billion in fresh funds

Reutersreuters.com/world/americas…

The conclusion of Argentina’s staff-level agreement with the International Monetary Fund (IMF) came with a coded message at the 11th hour, reflecting the pressures facing President Javier Mlei’s government — the institution must respond to a global crisis and the outcome of US elections, which could stress-test the financial backing Argentina has received

Buenos Aires Timesbatimes.com.ar/news/economy…

Global economy to grind to a halt as chilling day 10-day 'meltdown' warning issued

Daily Expressexpress.co.uk/news/world…

The Strait of Hormuz, which carries about a quarter of global seaborne crude oil trade and 20 per cent of liquefied natural gas (LNG) shipments, remained effectively closed after US President Donald Trump said he would block the channel following the collapse of peace talks with Iran

South China Morning Postscmp.com/tech/big…

Iran war and sharemarket: ‘Stay the course’- panic selling your super could leave you $50k poorer

Brisbane Timesbrisbanetimes.com.au/money/sup…

The Strait of Hormuz, which carries about a quarter of global seaborne crude oil trade and 20 per cent of liquefied natural gas (LNG) shipments, remained effectively closed after US President Donald Trump said he would block the channel following the collapse of peace talks with Iran

South China Morning Postscmp.com/tech/big…