Countries must 'make the best' of new multipolar world: IMF chief

Countries must 'make the best' of new multipolar world: IMF chief

Countries have no choice but to "make the best" of the fragmentation of the global economy by boosting ties with regional and like-minded countries, the head of the International Monetary Fund said in an interview Thursday.

The multipolar world will be born when the geopolitical weight of Asia, Africa and Latin America matches their growing economic weight.Jeffrey Sachs.By Jeffrey D. SachsOther News, April 14, 2025Philosopher and political prisoner in fascist Italy, Antonio Gramsci, wrote and declared from his cell after World War I: “The crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum* a great variety of …

Washington - "We are seeing a more regional approach in terms of growth and trade, where these ties should be stronger, (...) some parts of the world can strengthen their trade ties with their neighbours or with close economies with thus strengthened supply chains," explained IMF Managing Director Kristalina Georgieva