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IMF's Georgieva says central bank independence critical, backs Powell
IMF Managing Director Kristalina Georgieva backed Federal Reserve Chair Jerome Powell amid political pressure and stressed central bank independence benefits economic stability.
- On Jan 15 in Kyiv, IMF managing director Kristalina Georgieva told Reuters that forecasts due next week will show the world economy remains resilient with fairly strong growth, while risks focus on geopolitical tensions and rapid technological shifts.
- Georgieva suggested the IMF could nudge forecasts higher after the World Bank's revision, noting the 2025 growth forecast rose to 3.2 per cent and 2026 outlook stayed at 3.1 per cent.
- Data show the tariff wave was muted, as Georgieva noted tariff measures imposed last year by President Donald Trump, with the United States accounting for about 13 per cent to 14 per cent of global trade and limited retaliation.
- Faced with thin buffers, the International Monetary Fund is running 50 lending programmes and preparing for more borrowers as Kristalina Georgieva said many countries have insufficient reserves.
- Looking at risks, Georgieva highlighted that huge artificial intelligence investments could cause financial distress if productivity gains fail, and noted repeated shocks since 2019 make the world more unpredictable for businesses and policymakers.
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Coverage Details
Total News Sources10
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
Factuality
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