The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on Oct. 1, 2024. In a statement issued by the IMF Press Centre on Saturday,…
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies. Georgieva expressed her concern about retail CBDCs in a May 1 interview…
The International Monetary Fund (IMF) has declared central bank digital currencies (CBDCs) like eNaira are a better bet than cryptocurrencies. In a new statement, IMF managing director, Kristalina Georgieva said countries were exploring CBDCs and that it would soon become…
Developing countries are expected to receive $275 billion out of the International Monetary Fund’s (IMF) $650 billion Special Drawing Rights (SDRs) to be distributed among member countries based on their quota shares in the IMF. IMF’s Managing Director, Ms Kristalina…
