Fragmentation of the global economy

Dr. Kristalina Georgieva, Managing Director of the IMF, emphasizes the urgency of addressing the fragmentation in the global economy. She highlights the need for pragmatic collaboration among countries to tackle the challenges and uncertainties that come with a more shock-prone world. Cooperation is essential in areas like climate change, and failure to act will result in a poorer and less secure world. Dr. Georgieva calls for increased resources for the IMF to provide support to vulnerable countries and stresses the importance of maintaining high debt levels for many nations.