BANGKOK: International Monetary Fund head Kristalina Georgieva said Wednesday that recent attacks on Saudi Arabia could impact people \u201ceverywhere,\u201d as conflict in the region adds to wide-ranging economic concerns.<\/p>\n
The Houthi strikes on Riyadh\u2019s international airport at the weekend left 13 people dead and operations suspended in the worst attack since 2015.<\/p>\n
\u201cThe Saudi economy is important for the region and the world,\u201d IMF managing director Georgieva said at a news conference during the Annual Meetings of the Fund and World Bank in Bangkok.<\/p>\n
\u201cIn that sense, these developments have potentially negative spillovers for everybody, everywhere,\u201d she said.<\/p>\n
The warning comes as officials and experts gather in the Thai capital to discuss challenges facing the global economy, including higher energy costs and concerns about the sustainability of an artificial intelligence boom.<\/p>\n
Other hurdles include ballooning debt in advanced economies, with bond yields at multi-decade highs as pressure grows on central banks to hike interest rates to cool inflation.<\/p>\n
\u201cWhat is our loudest call to policymakers right now? Make urgent repairs to the fiscal house before the cracks widen,\u201d Georgieva said.<\/p>\n
\u201cNow is the time to enhance revenues, to rationalize spending and improve public financial management.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
BANGKOK: International Monetary Fund head Kristalina Georgieva said Wednesday that recent attacks on Saudi Arabia could impact people \u201ceverywhere,\u201d as conflict in the region adds to wide-ranging economic concerns. The Houthi strikes on Riyadh\u2019s international airport at the weekend left 13 people dead and operations suspended in the worst attack since 2015. \u201cThe Saudi economy …<\/p>\n","protected":false},"author":4,"featured_media":104329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-104309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/104309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=104309"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/104309\/revisions"}],"predecessor-version":[{"id":104330,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/104309\/revisions\/104330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/104329"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=104309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=104309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=104309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}