Kristalina Georgieva

The International Monetary Fund chief said Thursday the world economy is expected to grow less than 3% this year,

Cooperation between the United States and China, the world's two largest economies, would be vital for a faster global recovery from the COVID-19 pandemic, Managing Director of the IMF Kristalina Georgieva said on Thursday.

The International Monetary Fund on Thursday authorised a $650 billion expansion of the 190-nation lending institution’s resources.

The head of the 190-nation International Monetary Fund says prospects for global growth have brightened since January, helped by a $1.9 trillion US rescue package.