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IMF chief Georgieva sees fiscal risks, need for central banks to be careful on rate cuts
Reuters
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WASHINGTON (Reuters) - Governments around the world need to rebuild fiscal capacity and central banks should think carefully about the timing of interest rate cuts, International Monetary Fund Managing Director Kristalina Georgieva said on Friday.
"In the short term, a focus on the fiscal side as an immediate priority. Fiscal buffers have been exhausted, yet fiscal pressures are high," Georgieva said in a press conference during the IMF and World Bank annual meetings in Washington.
Central banks need to "remain attentive, be evidence-based (and) carefully monitor data to make sure that they don't cut either too early or too late," she added.
(Reporting by Dave Lawder; Writing by David Milliken; Editing by Paul Simao)
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Argentina&#;s President Javier Milei is set to travel to the US on Wednesday where he plans to meet IMF Managing Director Kristalina Georgieva. Milei will be accompanied by key officials, including Economy Minister Luis Caputo. He aims to finalize a new financing deal with the IMF, which Caputo believes is close to completion. The president&#;s visit follows controversy surrounding his promotion of cryptocurrency, $LIBRA, which led to a surge and subsequent crash in its value. Milei has distanced himself from the project. During the trip, Milei will also meet with World Bank President Ajay Banga and deliver a speech at the IDB. There are no formal plans for a meeting with Donald Trump, but an informal encounter is possible. Milei&#;s government is also keen to discuss a free-trade agreement with the US and governance reforms with Musk.
Argentina’s dollar bonds continued to trade weak by ~ points with its % s down at , yielding %
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Coronavirus could damage global economic growth says IMF
The coronavirus, now named Covid, could damage global economic growth this year, according to the International Monetary Fund (IMF).
Kristalina Georgieva, the managing director of the IMF said, "There may be a cut that we are still hoping would be in the percentage space." She also added that there might be a sharp and rapid economic rebound that would follow. Kristalina was recently speaking at the Global Women's Forum in Dubai when she made these observations.
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The IMF’s managing director is of the view that the full impact of the virus can be ascertained only when it fryst vatten contained.
The virus, which has killed around 2, people, has already made a dent in the business world.
The Hubei province in China, where Wuhan, the epicenter, fryst vatten located fryst vatten often called the ‘optics valley’ and houses firms that man components for smartphones and telecoms. According to reports, around