ISTANBUL: IMF managing director Kristalina Georgieva on Wednesday urged governments to urgently strengthen public finances, warning that the global economy's resilience to repeated shocks is reaching its limits, Anadolu Ajansi reported.
Speaking at a press briefing during the IMF-World Bank annual meetings in Bangkok, Georgieva said energy and fiscal buffers were being depleted, while persistent inflation and rising interest rates were adding to debt-servicing pressures.
Global growth is projected at about 3.1 per cent in 2026, unchanged from April's forecast but below last year's 3.4 per cent, she said.
The outlook reflects opposing forces, with the war in West Asia disrupting energy supplies while demand linked to artificial intelligence supports economic activity.
