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Kristalina Georgieva stressed three economic priorities on inflation, fiscal buffers, and geopolitical fragmentation.

This was due to continued effects of the war in Ukraine and simultaneous slowdowns in Europe, China and the United States.

The fallout can be felt beyond Americas borders, hitting shopkeepers in Sri Lanka, farmers in Mozambique and families in poorer countries around the world.

Putin's war in Ukraine enters its third week as hundreds of thousands of civilians remained trapped in Ukrainian cities.

Kristalina Georgieva, managing director of the International Monetary Fund, called on China last week to "reassess" its approach.

Omicron has spread rapidly to at least 40 countries since it was first reported in South Africa last week.

Georgieva also accused the office of the World Bank's past president, Jim Kong Kim, of manipulation.

Georgieva noted that countries with more fiscal space and rapid vaccinations are coming out of the crisis faster.

Global finance leaders on Tuesday said the world economy had escaped a coronavirus-triggered collapse so far, but warned that failure to conquer the pandemic could crush a fragile recovery.

Climate change poses a serious threat to global growth, the head of the International Monetary Fund said on Monday, urging the world's top emitters to agree on a floor for carbon prices.

The World Bank Group said on Wednesday it stands ready to assess Lebanon's damage and needs after a devastating Beirut port explosion.

The fund approved $500 million to cancel debt payments for 25 of the world's most impoverished countries so they can help tackle the COVID-19 pandemic.

For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.

The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.

A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.

The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.

Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.

The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.

A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.

The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.

Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.

Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.