The International Monetary Fund is ready to help those countries that may be affected by the side effects of a possible conflict between Russia and Ukraine, as well as possible sanctions imposed by Western governments, the director of the International Monetary Fund said today. Kristalina Georgieva.
Speaking at a forum hosted by the Washington Post, Georgieva said the sanctions would inevitably affect some financial transactions and the functioning of the financial system, especially if Russia were disconnected from the Swift system, which regulates international interbank transactions.
“If we find ourselves in a situation where there are secondary implications that require greater IMF commitment to other countries, we will certainly be there. “We still have a borrowing capacity of about $ 700 billion,” he explained.
Georgieva called for a peaceful solution to the crisis, which threatens, among other things, global development. “Geopolitical tensions are only making the situation more complicated, at a time of great uncertainty for the development of the world economy, and we are already seeing the impact on energy prices,” he told the newspaper. “We really hope that there will be a diplomatic solution for the people of Ukraine, but also because sustainable development of the world economy is necessary,” he added. He also called for a “realistic” approach to the issue and the avoidance of escalation and sanctions by the United Nations and the United States, as “inevitably” there would be consequences for the whole world.
Georgieva recalled that the Fund is implementing a $ 2.2 billion financial assistance program for Ukraine and is ready to provide additional support if needed.
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