Khaberni - On Monday, IMF director Kristalina Georgieva encouraged policymakers to think about the unthinkable and to prepare for it given the new global climate.
She stated that every 10% increase in oil prices would lead to a 40 basis point increase in global inflation.
She advised countries to maintain a fiscal space that can be used in times of shocks.
Since Saturday, February 28, Israel and the United States have been conducting airstrikes on Iran, which resulted in the death of Iran’s Supreme Leader. Since then, Tehran has been retaliating by striking Israel and countries in the region with missiles and drones.
