US EditionIMF chief urges nations to 'do no harm' in fiscal response to Iran war
Kristalina Georgieva said the IMF expects $20 billion to $50 billion in immediate aid for vulnerable member states hit by the war.
- Earlier Thursday, Managing Director Kristalina Georgieva announced the IMF expects to provide between $20–$50 billion in immediate assistance to vulnerable member states facing economic shocks from the Middle East war.
- The US-Israeli war on Iran, launched February 28, has severely disrupted supply chains and sent energy prices surging, leaving low-income countries with limited budgets struggling to manage the resulting economic fallout.
- Georgieva urged governments to implement "restrictive, targeted, temporary actions" rather than blanket subsidies, warning that poor fiscal choices could complicate central bankers' work.
- Two emergency financing requests have reached the Fund, triggering "intensive, country by country" discussions with Sri Lanka, Bangladesh, Egypt, Jordan, and Pakistan on potential loan adjustments.
- Predicting a global growth downgrade, the IMF emphasizes that while nations cannot control exogenous forces, they must maintain strict fiscal discipline to ensure resilience against future shocks.
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33 Articles
Countries lack fiscal capacity to handle war fallout
Global governments lack the fiscal capacity to deal with the economic fallout of the Iran war, analysts warned. The conflict’s consequences are still reverberating worldwide, and fears of stagflation are growing; several nations are rolling out measures to grapple with an expected cost-of-living crisis. But most economies are still dealing with high debt-to-GDP ratios from the pandemic, Morgan Stanley economists warned, which “will limit the abi…
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IMF chief urges nations to 'do no harm' in fiscal response to Iran war
The International Monetary Fund's chief urged governments on Thursday to "do no harm" as they face the massive economic shocks caused by the Middle East war, calling for "targeted" and disciplined fiscal actions.
The post-war in the Middle East: the IMF boss calls on states not to "do more harm" appeared first on Les Affaires.
Next week, the International Monetary Fund (IMF) will have its spring meeting with the World Bank and the officials of the member countries, including the Minister of Economy Luis Caputo and the head of the BCRA Santiago Bausili. In the anteala, the director of the Kristalina Georgieva Fund focused on what will be a central theme: the impact of the war and the measures to counter it. Thus, the IMF considered that in the face of the global energy…
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