International Monetary Fund Director Kristalina Georgieva announced that the shock of the Middle East war has lowered global growth expectations.
“Next week’s meeting between the IMF and the World Bank will focus on how to overcome the impact of war in the Middle East,” Georgieva said today.
Increased feeling of hunger
Georgieva noted that an additional 45 million people currently face food insecurity, bringing the total number of hungry people to more than 360 million.
He added: “The IMF expects support requests of $20 billion to $50 billion in the short term as a result of the Iran war, and interest rate hikes may be needed to counter war-related inflation.” He noted that financial authorities need to provide support to the most needy groups.
He explained that countries should avoid acting unilaterally to control energy prices, warning that energy shocks cannot be overcome painlessly.
She noted that the war had reduced global oil flows by about 13% and gas supplies by 20%.
International Monetary Fund Managing Director Kristalina Georgieva announced that the shock of the Middle East war has lowered global growth forecasts.
“Next week’s meeting between the IMF and the World Bank will focus on how to overcome the impact of war in the Middle East,” Georgieva said today.
increase in hunger
Georgieva noted that an additional 45 million people currently face food insecurity, bringing the total number of hungry people to more than 360 million.
He added: “The IMF expects support requests of $20 billion to $50 billion in the short term as a result of the Iran war, and interest rate hikes may be necessary to counter war-related inflation.” He stressed that financial authorities should provide support to the most vulnerable.
He explained that countries should avoid acting individually to control energy prices, warning that it is impossible to overcome energy shocks painlessly.
She noted that the war had reduced global oil flows by about 13% and gas supplies by 20%.
