Kristalina Georgieva

The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy.

The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, said the International Monetary Fund's managing director Kristalina Georgieva.

IMF Managing Director Kristalina Georgieva delivered a keynote address at the World Government Summit in Dubai, where she offered insights into the state of the global economy and shared her perspectives on various pressing issues.

Leaders and influencers from across the globe have convened in Davos for the World Economic Forum, focusing on crucial topics such as artificial intelligence, disinformation, conflicts in Gaza and Ukraine, the debt crisis, and climate issues.

Artificial intelligence (AI) will impact 60 percent of jobs in advanced economies, IMF Managing Director Kristalina Georgieva has told AFP.

"Advanced economies, some emerging markets, are going to see 60 percent of their jobs impacted," she said in an interview in Washington, citing an IMF report. 

Day 657 of the invasion of Ukraine. Summary of key events in the last 24 hours:

Central bank digital currencies (CBDCs) have the potential to replace cash, but adoption may take time, said Kristalina Georgieva, managing director of the International Monetary Fund.

"CBDCs can replace money that is expensive to circulate in island economies," she said Wednesday at the Singapore FinTech Festival event, CNBC reported.

The International Monetary Fund wants to increase contributions by its members by 50% to provide a financing resource to countries that need its help.

The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum yesterday.

"The International Monetary Fund has yet to record enough banks cutting back on lending, and that could prompt the US Federal Reserve to reverse course with the rate hike cycle". This was stated by the managing director of the IMF, Kristalina Georgieva, in an interview with CNBC, quoted by Reuters.

Italy's Prime Minister Giorgia Meloni has said the International Monetary Fund should take a "pragmatic" approach to a bailout for Tunisia, in comments to other G7 leadersin Japan.

The North African country reached a deal in principle with the IMF in October for nearly $2 billion to shore up its troubled economy, but discussions have since stalled.