Kristalina Georgieva

Ukraine claims new gains, welcomes Western air defense pledge

Ukraine said on Oct. 13 it had reclaimed more territory in the south and welcomed a Western pledge to deliver air defense systems to Kiev "as fast as we can" after days of intense Russian missile strikes.

A US-led group of around 50 countries held talks at the NATO headquarters in Brussels and vowed to deliver new anti-missile systems to Kiev.

Kristalina Georgieva: A Global Recession is Possible

"The situation in the world economy is extremely unstable and recessions are not excluded", the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said in an interview with Reuters.

Asked about a possible global recession, the fund manager stressed: "The risk has increased, so it cannot be ruled out."

European supply constraints could last into 2023, IMF warns  

Supply constraints that held back growth in Europe last year by an amount equal to some countries' normal rates of expansion could last into 2023, the IMF warned yesterday.  

Without these constraints that included factory closures and component shortages, growth last year would have been about two percentage points higher, the Washington-based crisis lender said in a blog.

IMF disburses $1 bn for Pakistan

The IMF has approved a $1 billion loan disbursement for Pakistan after signaling approval with recent government reforms.

The money comes from an agreement that was approved in July 2019 for a $6 billion loan over a period of more than three years under the Washington-based crisis lender's Extended Fund Facility.

Kristalina Georgieva: The World Economy is Slowing Down because of the US, China and Omicron

The managing director of the International Monetary Fund, Kristalina Georgieva, said there were two reasons for the slowdown in the global economic recovery.

"The first is because the two big drivers of growth, the United States and China, have slowed," she told CNN International.

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