IMF warns of economic impact of Ukraine crisis

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AFP, Washington :
IMF Managing Director Kristalina Georgieva on Wednesday called for a peaceful resolution to the standoff between Russia and Ukraine, noting it is already contributing to a spike in energy prices and hurting global growth.
“At the time of higher uncertainty for growth in the world economy, geopolitical tensions only make the situation complex and we already see that in terms of impact on energy prices,” Georgieva said at an event organized by The Washington Post.
“We very much hope that they would be a diplomatic solution because of the people of Ukraine, and also because of the necessity sustained recovery of the world economy.”

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