IMF Managing Director Kristalina Georgieva
Managing Director of the Washington based International Monetary Fund, Kristalina Georgieva, is calling for greater levels of international cooperation in the fight against sluggish economic growth and the existential threat of climate change.
The IMF head, who is now in her second five-year term, was speaking just before next week’s scheduled start of the semi-annual IMF/World Bank meeting.
She also lauded the progress made in combating the highest levels of global inflation experienced in 40 years through the use of resolute monetary policies by international central banks such as the US Federal Reserve Board, European Central Bank and the Bank of England.
US inflation as measured the by core personal consumption expenditure index was 2.70% in August, while the EU’s rate was 1.8% in September when the UK’s rate was 1.9%.
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