IMF's Georgieva warns of increased risks to financial stability

Kristalina Georgieva, managing director of the International Monetary Fund has warned of increased risk to financial stability. Photograph: Stefan Wermuth/Bloomberg International Monetary Fund (IMF) managing director Kristalina Georgieva has warned of increased risks to financial stability and the need for vigilance following the recent banking sector turmoil in advanced economies. Speaking at a conference in Beijing, the IMF head said uncertainties in the world economy remained "exceptionally high", with global economic growth expected to slow below 3 per cent this year because of Ukraine war, "scarring" from the Covid-19 pandemic and monetary tightening. "Risks to financial stability have increased at…