{"id":65039,"date":"2023-02-15T07:27:59","date_gmt":"2023-02-15T12:27:59","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65039"},"modified":"2023-02-15T07:27:59","modified_gmt":"2023-02-15T12:27:59","slug":"imf-says-world-needs-to-prepare-for-the-unthinkable-after-covid-war-in-ukraine","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65039","title":{"rendered":"IMF Says World Needs to Prepare for the \u2018Unthinkable\u2019 After COVID, War in Ukraine"},"content":{"rendered":"
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IMF Says World Needs to Prepare for the \u2018Unthinkable\u2019 After COVID, War in Ukraine<\/a><\/h3>\n<\/div>\n
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\"IMF<\/a><\/div>\n
IMF Managing Director Kristalina Georgieva participates in a town hall discussion with civil society organizations at IMF headquarters in Washington on Oct. 10, 2022. (Drew Angerer\/Getty Images)<\/div>\n<\/div>\n
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International Monetary Fund Managing Director\u00a0Kristalina Georgieva<\/a>\u00a0has warned that the world needs to be prepared to better handle shocks and \u201cthe unthinkable\u201d in a post-COVID-19 world and in light of the ongoing Russia-Ukraine<\/a>\u00a0war.<\/p>\n

Georgieva made the comments\u00a0during a\u00a0World Government Summit panel<\/a>\u00a0hosted by CNBC\u2019s\u00a0Hadley Gamble in Dubai on Feb. 14, where she also referenced the recent earthquakes in Turkey and Syria that have killed more than 36,000 people.<\/p>\n

Asked how \u201cdifficult\u201d this year is going to be,\u00a0Georgieva replied that the world economy is still \u201cin a very difficult place and global growth is slowing down in 2023 but it may be a turning point,\u201d pointing to inflation declining in some countries.<\/p>\n

\u201cWhat we are very concerned [about] is one, the unexpected,\u201d\u00a0Georgieva said. \u201cWhat COVID and the war taught us is we live in a more\u00a0shock-prone world. What the earthquake in Turkey and Syria taught us is, to think of the unthinkable.<\/p>\n

\u201cWe all have to change our mindset to be much more agile and much more oriented towards building resilience at all levels, so we can handle the shocks better,\u201d Georgieva added, noting that resistance comes in the form of ensuring that the very \u201cfabric\u201d of each country and its society is strong.<\/p>\n

IMF<\/a>\u00a0Plays \u2018Stabilizing Role\u2019 in Ukraine<\/strong><\/p>\n

Elsewhere on Tuesday,\u00a0Georgieva said the IMF has to\u00a0play a \u201cstabilizing role\u201d<\/a>\u00a0in the war in Ukraine, adding that the nation will need around\u00a0$40 billion to $48 billion for the economy to\u00a0function this year.<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

IMF Says World Needs to Prepare for the \u2018Unthinkable\u2019 After COVID, War in Ukraine IMF Managing Director Kristalina Georgieva participates in a town hall discussion with civil society organizations at IMF headquarters in Washington on Oct. 10, 2022. (Drew Angerer\/Getty Images) International Monetary Fund Managing Director\u00a0Kristalina Georgieva\u00a0has warned that the world needs to be prepared […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[418,434,31861,28838,694,16350,821,862],"class_list":["post-65039","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-imf","tag-international-monetary-fund","tag-katabella-roberts","tag-kristalina-georgieva","tag-russia","tag-the-epoch-times","tag-ukraine","tag-war"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65039"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65039\/revisions"}],"predecessor-version":[{"id":65040,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65039\/revisions\/65040"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}