News stories by Kristalina Georgieva

WASHINGTON DC, June 17 (IPS) - More than three months into the war in the Middle East, the global economy appears to be holding up. Commodity prices, inflation and expectations for it, and financial conditions have all been impacted—but not yet in ways that signal a global slowdown. And we have seen strong economic momentum in the world’s biggest economies, the United States and China.

NAIROBI, Kenya, May 18 (IPS) - It is very appropriate that this Africa Forward Summit is being held in Kenya. Two weeks ago, a Kenyan marathon runner, Sabastian Sawe, did what had been considered impossible: by running a marathon in under two hours! What we have set ourselves here is also a marathon—and we must show the same resilience and perseverance that Mr. Sawe did.

DUBAI, United Arab Emirates, February 10 (IPS) - It is a pleasure for me to join His Excellency, Minister Al Hussaini in welcoming you to this important dialogue here in the United Arab Emirates—a fast-growing global AI hub. A recent Microsoft study reports that 64 percent of the UAE’s working age population uses AI, which is the highest rate globally.

WASHINGTON DC, Jan 16 (IPS) - We are on the brink of a technological revolution that could jumpstart productivity, boost global growth and raise incomes around the world. Yet it could also replace jobs and deepen inequality.

WASHINGTON DC, Jun 30 (IPS) - Sub-Saharan Africa is in the grips of a third wave of COVID-19 infections that threatens to be even more brutal than the two that came before.

WASHINGTON, Jun 12 (IPS) - The COVID-19 crisis is inflicting the most pain on those who are already most vulnerable. This calamity could lead to a significant rise in income inequality. And it could jeopardize development gains, from educational attainment to poverty reduction. New estimates suggest that up to 100 million people worldwide could be pushed into extreme poverty, erasing all gains made in poverty reduction in the past three years.

WASHINGTON DC, Jun 02 (IPS) - Now is the time to take advantage of this opportunity to build a better world

Looking back to the start of 2020, the world has changed almost beyond recognition. To protect public health, the global economy was put into stasis. Shops closed, factories were mothballed, and people's freedom of movement was severely curtailed.

No country has escaped the health, economic, and social impacts of the COVID-19 crisis. Tragically, more than 260,000 people have died and millions have been infected. The IMF is projecting global economic activity to decline on a scale not seen since the Great Depression. It is truly a crisis like no other.

WASHINGTON DC, Apr 22 (IPS) - I have been saying for a while that this is a ‘crisis like no other.' It is:

• More complex, with interlinked shocks to our health and our economies that have brought our way of life to an-almost complete stop;
• More uncertain, as we are learning only gradually how to treat the novel virus, make containment most effective, and restart our economies; and
• Truly global. Pandemics don't respect borders, neither do the economic shocks they cause.

WASHINGTON DC, Dec 05 (IPS) - When I think of the incredible challenges we must confront in the face of a changing climate, my mind focuses on young people. Eventually, they will be the ones either to enjoy the fruits or bear the burdens resulting from actions taken today.