Kristalina Georgieva, IMF managing director, speaks on a panel at the World Economic Forum in Davos, Switzerland.

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Global policymakers have made remarkable progress in tackling inflation without inducing a recession, but some work remains to be done, International Monetary Fund Managing Director Kristalina Georgieva said in Davos.

International Monetary Fund Managing Director Kristalina Georgieva speaks during the World Economic Forum WEF annua

BAKU, Azerbaijan, January 24. This is the first time so far when inflation is being brought down, interest rates are still somewhat high, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said during the Global Economic Outlook panel at the World Economic Forum in Davos, Trend reports.

The World Economic Forum, colloquially called "Davos" after the location at which it's hosted in the Swiss mountains, is a yearly meeting of elites.

Three things are holding Europe back: the absence of a capital markets union, investments not going to the most productive firms and energy costs, the managing director of the IMF told Euronews. View

Georgieva revealed the IMF’s updated growth projections for 2025 and 2026, noting a global growth forecast of 3.3% for this year—a slight improvement for 2025. However, she emphasized disparities in regional performance.

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Annual Meeting of the World Economic Forum (WEF) takes place from 20-24 January in Davos, Switzerland. Here's a look at what can be expected at this year's meeting. View on euronews

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