IMF Director Urges ‘Cool-Headedness’ Amid Growing Global ’Fragmentation’

IMF Managing Director Kristalina Georgieva participates in a town hall discussion with civil society organizations at IMF headquarters in Washington on Oct. 10, 2022. Drew Angerer/Getty Images

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has expressed concerns about “fragmentation”—the global economy splintering into rival trading blocs—warning that it could worsen the global inflation crisis.  

During last week’s Spring Meetings, Georgieva attributed this risk to a combination of factors, including the ongoing war in Ukraine and flaws in the current model of globalization.