IMF assesses threat of a global crisis due to events in Ukraine

The International Monetary Fund (IMF) has not yet seen any preconditions for a global financial crisis due to the events in Ukraine and sanctions imposed on Russia, said IMF Managing Director Kristalina Georgieva.

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IMF assesses threat of a global crisis due to events in Ukraine © The Strategist

“Right now we don’t. When we look at the contingency of banks with Russia, it’s about $120 billion. Not to call it a negligible amount, but definitely not systemically significant,” she told CBS television.

Georgieva added that the IMF will revise downward growth forecasts for 2022.

It will “still be a positive value,” she said, and in countries that, like the United States, quickly overcame the effects of the coronavirus pandemic, growth will be significant.

source: imf.org

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