WASHINGTON: As the global economy faces mounting pressures, International Monetary Fund (IMF) managing director Kristalina Georgieva has urged governments to address fiscal challenges and central bankers to stay committed to lowering inflation.
“All countries need to tackle their rising fiscal problems and formulate and present credible plans to ensure their debt and deficits are on sustainable path,” Georgieva told reporters in Washington.
“Central banks must be laser focused on their price stability mandates,” she added.
“The world economy has so far been resilient in the face of inflation and trade tensions, thanks in part to high investments in artificial intelligence (AI).
“But uncertainty about the outlook remains high, as evidenced by rising bond yields and the lack of progress on…
