IMF director warns the world is a very different place after crises like Covid

The IMF’s chief executive warned that we need to “think about the unthinkable” as we live in “a more shock-prone world” affected by the pandemic. Covid-19 pandemicof Russia Ukraine invasion and recently Earthquakes in Syria and Turkey.

“We all have to change our mindset to become more flexible and more oriented towards building resilience at every level, so we can handle the blows,” said Kristalina Georgieva. better shock”.

“What we are very interested in [about] It was a surprise,” Georgieva said.

The head of the IMF signaled the need for resilience on our planet, in societies that must allow for equal opportunities and in everyone who must benefit from education, good healthcare and social protection.

Georgieva added: “We are not a place where we should be the good stewards of our planet for our children.

In a previous interview with CNBC, Georgieva said that many private investments are needed to help developing countriesmeet their climate change goals, which cannot be fully supported by public aid and local government funding.

Ukrainians are “fighting for the right of every nation to exist”

On the topic of Russia’s invasion of Ukraine, Georgieva said the world has lost “a very precious peace dividend”, prompting countries to spend more on defense and less on domestic concerns. water, such as health care and infrastructure.

“We can no longer take peace for granted,” she said.

Georgieva hailed the international response to the war as “quite remarkable” and highlighted the global implications of the conflict:

“Everybody feels sympathy for an issue that today is Ukraine’s problem, but tomorrow could be the problem of many other countries – that you could be invaded by a stronger neighbor.” Georgieva said.

“In Ukraine, people strongly believe that they are fighting not only for themselves, they are fighting for the right to exist and run the affairs of each country,” she added.

Georgieva said that the IMF must play a “stabilizing role” in the war in Ukraine and that the country needs between $40 billion and $48 billion to operate this year.

The head of the IMF previously described the invasion of Ukraine as “the most important negative factor” for the economy by 2022.

The global economy is set to grow 2.9% this year, according to Forecast of financial authorities.