IMF chief calls for unity on shared challenges in 'deeply troubled times'

Washington: The international community must come together despite the difficult geopolitical environment to tackle shared challenges like lackluste...

Washington: The international community must come together despite the "difficult geopolitical environment" to tackle shared challenges like lackluster growth and the existential threat posed by climate change, the head of the IMF said Thursday.

Kristalina Georgieva, who has just started her second five-year term as the International Monetary Fund's managing director, spoke ahead of the Fund and the World Bank's annual gathering of financial leaders in Washington next week.

She used a speech in the US capital to celebrate the progress made on tackling inflation -- while warning of the dangers ahead for the global economy.

"The big global inflation wave is in retreat," she said, noting that "a combination of resolute monetary policy action, easing supply chain constraints, and moderating food and energy prices is guiding us back in the direction of price stability."

"And this has been done without tipping the global economy into recession and largescale job losses," she added.