Kristalina Georgieva warned today about the need to take immediate measures to deal with inflation.
The general director of the International Monetary Fund (IMF), Kristalina Georgieva, warned today, officials from the G20 group of states, in order to proceed with taking immediate measures to deal with inflation.
Georgieva warned that the “extremely volatile” picture of the global economy could become even worse if higher prices prevail. Speaking at the G20 finance ministers’ conference in Indonesia, she said the escalation of Russian military operations in Ukraine, has increased pressure on commodity and energy prices, while global economic conditions are becoming more difficult to forecast.
At the same time, difficulties from the COVID-19 pandemic, but also problems in the supply chain continue to make economic activities more difficult.
The pressures faced by countries with a large external debt are even greater, while the external debt management situation is “deteriorating rapidly,” she underlined, according to a text of her statements.
RES-EMP
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