News with the tag "Kristalina Georgieva"

The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks, we agree...

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has argued that digitalization could help to scale up “financial inclusion.” During a keynote, Georgieva stated that digitalization worked well in this sense and called for an extension of initiatives to promote financ...

Kristalina Georgieva, the International Monetary Fund (IMF)’s managing director, has said Egypt needs to plug leakages of foreign reserves if it wishes to successfully support its currency. According to the IMF leader, Egyptian authorities must also do more to support the vulnerable and to ensure th...

The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF Managing Director Kristalina Georgieva, this would av...

The International Monetary Fund (IMF) does not expect a “rapid shift” in the U.S. dollar reserves despite a rising de-dollarization trend and a looming U.S. debt default. “Don’t kiss your dollars goodbye just yet,” said IMF Managing Director Kristalina Georgieva. The IMF chief does not expect the U....

Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), recently took a swipe at retail central bank digital currencies (CBDCs). IMFIM chief warns retail CBDCs could jeopardize global financial stability At the annual Milken Institute conference titled “The State of the...

International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects “more vulnerabilities” in the U.S. banking sector amid a growing de-dollarization trend worldwide. “There has been a gradual shift away from the dollar,” the IMF chief acknowledged. U.S. Banking Crisis Continues The man...

International Monetary Fund (IMF) director, Kristalina Georgieva, has raised concerns about the potential consequences of retail central bank digital currencies (CBDCs) on the financial system. The director also stated that retail digital versions of fiat currencies issued and backed by central bank...

The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”

Kristalina Georgieva, a managing director at the International Monetary Fund (IMF), acknowledged the importance of central bank digital currencies (CBDCs) during a discussion at the Milken Institute Global Conference. According to Georgieva, the IMF is increasing its staff working on digital money a...