Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has emphasized that a vibrant private sector is crucial for sustaining resilience in the global economy, even as many nations continue to face low growth and rising debt. Speaking at the G20 leaders’ summit in Johannesburg, South Africa—the first ever hosted on the African continent—Georgieva stressed that strategic policies and robust institutions have helped economies withstand recent shocks.
According to an IMF statement released on Sunday, Georgieva described the global economic outlook as “better than we feared, but worse than we need,” highlighting the ongoing struggle between recovery and persistent structural challenges. She noted that the private sector’s dynamism is a key driver in supporting economic stability and fostering investment, even in turbulent times.
With leaders from across the globe gathered to discuss solutions, Georgieva’s comments underscore the delicate balance policymakers must maintain to drive growth while managing debt pressures. As countries strategize for stronger, more resilient economies, how will the private sector continue to shape the global recovery in the years ahead? Visit www.jocomms.com for more news
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