IMF’s Georgieva: Sharp further tightening of financial conditions could hit banks, non-banks

“Sharp further tightening of financial conditions could hit banks, non-banks,” warned International Monetary Fund (IMF) Director Kristalina Georgieva on Thursday.

Additional quotes

Global economy experiencing severe shocks that are the new normal.

We are faced with deepening divergence in global economy.

Inflation down but still above target in many countries, so interest rates will have to stay higher for longer.

We need to boost medium-term growth; we don't have growth we need to heal from impact of various shocks.

Smartly packaged reforms can boost growth by as much as 8% over four years in a number of countries.