Kristalina Georgieva

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.

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.

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.

The Bulgarian Small and Medium Enterprises Promotion Agency and the Bulgarian Development Bank are co-organizers of the hybrid event, which will be held on December 9 and 10, 2021 at the Grand Hotel Millennium Sofia, as well as online.

Adapting to the rapidly deteriorating effects of climate change will require not only more funds for infrastructure, crops and other systems, but also much faster reduction of greenhouse gas emissions, said the managing director of the International Monetary Fund (IMF) Kristalina Georgieva in an interview with the Foundation, Thomson Reuters at the UN Climate Conferenc

The International Monetary Fund's (IMF) Governing Council has confirmed that it has full confidence in Managing Director Kristalina Georgieva, after examining allegations that during her time at the World Bank she pressured experts to change data in a way that would benefit China. , world agencies reported.

Lawyers who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva violated World Bank staff rules by failing to notify her that she was a subject of the probe and by not allowing her to respond to its findings, Georgieva's attorney said.

The International Monetary Fund boss, Kristalina Georgieva, is the victim of a plot to oust her, according to a Nobel prize-winning economist, after a report alleged that she applied "undue pressure" on staff to boost China's standing in global rankings while in her previous job at the World Bank.

Analysis by Joseph Stiglitz, American economist and Nobel laureate, comments for Project Sindicate

Senior US senators have called for "full accountability" in the World Bank case involving Kristalina Georgieva.

The chairman of the Senate Foreign Relations Committee, Democrat Robert Menendez, and James Rich, who is the highest-ranking Republican on the committee, sent a letter to President Joe Biden.