World isn't ready for shocks that are piling up, IMF Chief warns
SriLanka, June 8 -- The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva said that after facing crisis upon crisis in recent years, the world needs to build foundations that can withstand shocks that have become more frequent.
"I am worried that we are not completely internalizing yet that this is how the world is going to be," Georgieva said on Bloomberg's podcast Leaders with Francine Lacqua. "We are not going to get to a place where shocks are gone."
Georgieva, who's been at the helm of the Washington-based lender since 2019, has been through the Covid pandemic, the war in Ukraine, the tariffs turmoil and now the conflict in the Middle East. The IMF has a lending capacity of just under $1 trillion dol...
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