IMF Chief Georgieva Warns World Must Build Resilience Against Growing Global Shocks

International Monetary Fund Managing Director Kristalina Georgieva warned that the world is facing a growing stack of shocks and is not building resilient enough systems to absorb them, according to Bloomberg. Her comments come as the global economy continues to deal with the aftereffects of the Covid-19 pandemic, Russia’s full-scale invasion of Ukraine and the rapid rise of artificial intelligence.

Bloomberg reported that Georgieva said countries need to strengthen the foundations of their economies so they can withstand crises that are becoming more frequent. The warning reflects a broader IMF concern that recent disruptions are not isolated events but part of a pattern of overlapping risks that can spread quickly across trade, finance and labor markets.