During last week’s Spring Meetings, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), expressed concerns about “fragmentation”—the global economy splintering into rival trading blocs—warning that it could worsen the global inflation crisis. The IMF chief attributed this risk to a combination of factors, including the ongoing war in Ukraine and flaws in the current model of globalization.
Advocating for a “cool-headed” approach to the problem, the director urged world leaders of developed nations to avoid stoking a renewed Cold War. While speaking with The Epoch Times on Friday, she elaborated on her position.
“What I mean is that we have to be rational in strengthening security of supplies—which is something that we have to do—but do it in a way that doesn’t generate unnecessary costs,” Georgieva told The Epoch Times….