“Stop the war. Is there a more direct way to put the economy back on track?” Asked IMF Managing Director Kristalina Georgieva, also present at the press conference on Friday.
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The Russian invasion in Ukraine is “the most important factor” to the global economic slowdown and the instability at work, said the president of one of the main committees of the International Monetary Fund (IMF), Friday, October 14.
“This week, calls for Russia to end the war in Ukraine have multiplied”, said Nadia Calvino, the Spanish Deputy Prime Minister and chair of the IMFC committee, responsible for advising the IMF on monetary and financial issues. She was speaking during a press conference on the occasion of the meetings of the IMF and the World Bank, in Washington (United States).
“War is the most important factor in slowing growth and rising inflation, volatility, food and energy insecurity, and uncertainty”, she listed, describing the search for peace as an essential tool of economic policy. This committee, which counts Russia among its members, failed to reach a final communiqué after its meeting, due to a lack of consensus. On Thursday, the finance ministers and central bankers, meeting within the framework of the G20 in Washington, did not reach a final communiqué either because of the presence of Russia in the discussions.
“Stop the war. Is there a more direct way to get the economy back on track?”questioned the managing director of the IMF, Kristalina Georgieva, also present at this press conference on Friday.