IMF calls for action on fragmenting global economy

Senior officials say world is facing “confluence of calamities” and leaders have been complacent

Kristalina Georgieva
Kristalina Georgieva
IMF Photo/Cory Hancock

The International Monetary Fund has called for policy-makers to take action to halt the decline of globalisation while ending “complacency” over the downsides of economic integration.

Senior officials at the fund warn Russia’s invasion of Ukraine and the Covid-19 crisis are a “confluence of calamities” that have generated a “sharply increased risk of geoeconomic fragmentation”.

IMF managing director Kristalina Georgieva, first deputy managing director Gita Gopinath and head of strategy Ceyla

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