IMF chief says Fed’s interest rate hikes could affect weaker economies
Managing director of the International Monetary Fund (IMF), Kristalina Georgieva, addressed the Davos Agenda virtual event on Friday and said that an increase in U.S. rates could affect countries with higher levels of dollar-dominated debt
By Yashasvini Razdan
Published - Jan 21, 2022, 09:33 PM ET
Last Updated - Feb 14, 2024, 08:56 AM EST
• Kristalina Georgieva asked countries with higher dollar-dominated debt to act sooner
• She said that navigating global economy through 2022 would be complicated owing to different conditions in every country
Managing director of the International Monetary Fund (IMF), Kristalina Georgieva, addressed the Davos Agenda virtual event on Friday and said that an increase in U.S. rates could affect countries with higher levels of dollar-dominated debt.
The IMF official said that interest rate hikes by the Federal Reserve could “throw cold water” on already weak economic recoveries in certain countries.
