Risks to a broad global recovery rising: IMF chief
IMF executive board will intensify its probe of MD Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China
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Biden govt has yet to offer support for Georgieva
The board agreed to meet again soon for further discussions, an IMF spokesperson said, but gave no specific date.
The IMF review was launched after Georgieva briefed the board on the issue on Thursday
Kristalina Georgieva denies she had applied pressure on staff of World Bank, when she worked there, to boost China's ranking in the report.
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Setbacks for living standards in developing countries would make it much more difficult to achieve stability and security for the rest of the world, she said
Speaking at the World Economic Forum's online Davos Agenda Summit, she said the IMF is projecting 5.5 per cent global economic growth for 2021, which is higher than before
Kristalina Georgieva said a new allocation of the IMF's own currency, Special Drawing Rights, would help give countries more fiscal space to tackle the health crisis and to a digital and green economy
IMF chief Kristalina Georgieva has praised India for taking "very decisive" steps to deal with the coronavirus pandemic and its economic consequences
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IMF Managing Director Kristalina Georgieva has called for continued strong policy action to combat continued uncertainty as countries have started to revive from the Covid-19 crisis
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"The bottom line is that we can build the impetus for growth, jobs and address climate change far more effectively if we work together," she wrote
The IMF noted progress on a vaccine, but also said elevated asset prices point to a disconnect from the real economy and a potential threat to financial stability
She said creditors should adopt contractual provisions to minimize economic disruption, increase transparency and endorse a common framework agreed in principle by the G20 last week
Avoid premature withdrawal of support for the economy, as this could inflict tremendous damage," she said.
IMF MD Georgieva said on Wednesday that focusing on protecting people and on the health of the population remain a priority for India.