IMF chief warns world isn't ready for shocks that are piling up

INTERNATIONAL Monetary Fund Managing Director Kristalina Georgieva said that after facing crisis upon crisis in recent years, the world needs to build foundations that can withstand shocks that have become more frequent.

- JORGELINA DO ROSARIO & FRANCINE LACQUA

‘‘I am worried that we are not completely internalizing yet that this is how the world is going to be,’’ Georgieva said on Bloomberg’s podcast Leaders with Francine Lacqua. ‘‘We are not going to get to a place where shocks are gone.’’

Georgieva, who’s been at the helm of the Washington-based lender since 2019, has been through the Covid pandemic, the war in Ukraine, the tariffs turmoil and now the conflict in the Middle East. The IMF has a lending capacity of just under $1 trillion dollar and her job—as she described it—is keeping the fund’s 191 members focused on working together for the greater good of the world economy.

‘‘The best ammunition we have is objective analysis,’’ she said.