‘What we can anticipate is a more shock-prone world’ says IMF head Georgieva

By Patrick Smith
Posted on Thursday, 21 April 2022 16:16

IMF managing director Kristalina Georgieva
IMF managing director Kristalina Georgieva

The managing director of the IMF says African leaders need to build economic resilience to be ready for climate change, geopolitical conflicts and other threats.

Within days of Russia invading Ukraine, shockwaves coursed through the global trading and financial systems. At first, most of them battered Russia and Belarus, the targets of US and European sanctions. Then, as more countries joined the targeting, Moscow hit back with countermeasures, collecting some dividends en route from its closer relations with China.