This year’s spring meeting will be held against a backdrop of ongoing concerns about the health of the banking sector and high inflation following the dramatic collapse of Silicon Valley Bank.
Georgieva told AFP last week that central banks should continue to fight high inflation by raising interest rates, despite concerns that this could further inflame the banking sector.
“We do not consider, at this point, central banks are withdrawing from fighting inflation,” he said during an interview on Thursday.
“Central banks still have to prioritize fighting inflation and then supporting, through various instruments, financial stability,” she said.
Ahead of the spring meetings, the IMF and the World Bank also called on wealthy countries to help fill a $1.6 billion hole in the concessional credit facility for low-income countries, heavily used during the COVID-19 pandemic I went.
Many low-income countries are now facing a growing debt burden due to a high-interest rate environment.