Zambia begins debt restructuring process

Zambia begins debt restructuring process

Zambia’s international bondholders should quickly complete the restructuring of the notes after the government announced the start of the process, says International Monetary Fund Managing Director Kristalina Georgieva. Bloomberg Africa reports that the government of Africa’s first pandemic-era sovereign defaulter will meet eurobond investors on June 4th to ask them to approve exchanging what’s grown to almost $3.9 billion of debt for new instruments.

May 14, 2024 8

Science & Technology

AI to hit 40% of jobs and worsen inequality

Almost 40% of jobs around the world could be affected by the rise of artificial intelligence, a trend that is likely to deepen inequality, according to the International Monetary Fund. In a Sunday blog post, IMF chief Kristalina Georgieva called for governments to establish social safety nets and offer retraining programs to counter the impact of AI. CNN reports that Georgieva said the effects were expected to be felt more […]

January 15, 2024 24

5

Environment

Dubai climate talks a “COP of Hope”

Climate mitigation talks in Dubai last week were a “COP of hope”, IMF spokesperson Julie Kozack said Thursday (Dec. 7) in Washington, DC. Tens of thousands of journalists, policymakers, bankers and civil society organizations are gathered there for the UN’s 28th meeting of the Conference of the Parties (COP) to the UNFCCC. https://youtu.be/tRZPACmuBm0 IMF Managing Director Kristalina Georgieva attended the meeting, aimed at engaging governments around the world to curb climate change. […]

December 12, 2023 10 5

Videos

IMF Ukraine Zelenskiy Statements

IMF Managing Director Kristalina Georgieva offered words of support to Ukrainian President Volodymyr Zelenskiy during his first visit to the Fund Monday (Dec. 11) in Washington, DC. “I’m incredibly happy to host President Zelenskiy here at the IMF. Especially given the exceptionally strong performance of the Ukrainian economy despite the war still going on in the country. We have worked very closely with the economic team of Ukraine over the last […]

December 12, 2023 5

Business / Economics

IMF MD Kristalina Georgieva speaks at Annual Meeting

Countries are stepping up with finances for the most vulnerable of the world, IMF Managing Director Kristalina Georgieva said Thursday (Oct. 12) in Marrakech, Morocco. Thousands of journalists, policymakers, bankers and civil society organizations are gathered there for the Annual Meetings of the IMF and World Bank. https://youtu.be/MehuXc6eH34 “During these meetings, we aim to put solidarity in action by increasing our capacity to support our low income members. And I […]

October 18, 2023 2