Description
Added on the 09/10/2019 12:44:30 - Copyright : Euronews EN
French President Emmanuel Macron holds talks with newly appointed International Monetary Fund managing director Kristalina Georgieva at the Elysee Palace. IMAGES
"In 2019, we expect slower growth in nearly 90 percent of the world. ... the world economy is now in synchronized slowdown," says the newly-installed IMF chief Kristalina Georgieva in a speech ahead of IMF-World Bank annual meetings next week. SOUNDBITE
The head of the IMF warns that Western subsidies to combat climate change and encourage the transition to clean energy sources risk hitting developing and emerging markets. "My biggest concern is that something that in principle is very good to accelerate the transition to the green economy by using public money to step up private investment... may not serve well the emerging markets and the developing world," Kristalina Georgieva says at the World Economic Forum in Davos. SOUNDBITE
IMF chief Kristalina Georgieva warns that if central banks move too aggressively to tamp down price pressures, it could trigger a "prolonged" economic downturn. SOUNDBITE
IMF chief Kristalina Georgieva warns the global recession risks are rising and urges policy action "to regroup and to rethink how can we adopt a more proactive precautionary mindset that we had in the past." SOUNDBITE
The IMF hopes to mobilise 100 billion dollars from the world's richest countries to be distributed to countries in need, including the Democratic Republic of the Congo, says chief Kristalina Georgieva in Kinshasa during her first trip to Africa since start of Covid-19 pandemic. SOUNDBITE
|
Support : Technical 
- Content 
- Editors 
