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IMF Managing Director Kristalina Georgieva speaks to the media during an International Monetary and Financial Committee press briefing on Friday, Oct. 25, 2024.

IMF and World Bank close annual meetings with urgent call for fragile economies

At the plenary session concluding the International Monetary Fund and World Bank’s 2024 Annual Meetings in Washington, DC, on Friday, IMF Managing Director Kristalina Georgieva made clear there was no time to rest. Although wealthy countries seem likely to achieve the much-vaunted “soft landing” — reducing inflation without a recession — geopolitical, climactic, and fiscal risks are putting great strain on the world’s most vulnerable economies.