The sayings of the owner of the IMF They set the global tone, of a pessimistic scenario, where the world that was beginning to emerge from the effects of the paralysis due to the Covid-19 pandemic, now faces another crisis, generated by the conflict between Russia and Ukraine. This scenario, warned the official of the agency, highlights the complications due to the debt, for which a harder 2023 is expected.
The debt scenario towards 2023 according to Kristalina Georgieva
The director of IMF highlighted in his speech at the meeting prior to the G20that the crisis lies in the measures to raise interest rates to mitigate inflation, and pointed to the problem “countries that have to pay debt in dollars and do not produce dollars”, for which “there is a debt crisis in process “, held.
georgieva noted that “dollar debt is not a good place to be if you don’t produce dollars,” he told a platform content creators forum organized by Devex. “Next year will be harder” due to the combo of “crisis on a crisis” that generates the war between Russia and Ukraine after the pandemic, he pointed out.
On the other hand, the director of the IMF also warned of the dangers due to the lack of food supply and the advance of famine in several countries of the world: “The world produces enough food but it does not distribute it well,” he warned this Tuesday. georgievaand warned about the situation of poor countries or those with few resources, which “are diverging instead of converging”, experiencing a “situation of instability”, he concluded.
Source: Ambito
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