6.2 C
Tuesday, November 28, 2023

IMF member nations demand an end to Russia’s war in Ukraine


Related stories

Handre Pollard of South Africa Anticipates a Fierce Encounter with England in the Semi-Finals

South Africa's Rugby World Cup semi-final preparations continued in...

Scammers Utilize Artificial Intelligence to impersonate African Union Leader Moussa Faki

African Union Chief Moussa Faki Impersonated in Cyber Scam...

Victor Osimhen Faces Nearly a Month on the Sidelines Due to Hamstring Injury

Napoli's Nigerian striker, Victor Osimhen, has suffered a right...

Kenyan Facebook Moderators Allege Insincere Negotiations by Meta

The attorney representing 184 former Facebook content moderators in...

The International Monetary Fund’s steering committee chair said in a news conference that member countries nearly unanimously called on Russia to end its war in Ukraine.

According to Chair Nadia Calvio, the conflict is the most significant factor driving inflation and slowing global economic recovery.

“More than two years of pandemic, followed by Russia’s war against Ukraine, are weighing heavily on economic activity, with significant impact on livelihoods,” she said at the 46th Meeting of the International Monetary Fund.

In a press conference, Alfred Kammer, Director of the IMF’s European Department, echoed Calvio’s remarks.

He stated that the invasion of Ukraine by Russia “caused higher energy prices, a lack of food exports, and led to price increases globally, particularly in Europe, and is a root cause of the slowdown and recession we are seeing in some countries.”

Read Also  France restricts pension protests in front of the legislature

Following the United Nations General Assembly resolution adopted earlier this week by 143 member states, which recognized Ukraine’s territorial integrity in the face of Russian aggression, Calvio reiterated the need for international cooperation and multilateralism.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome & exclusive content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

InsiderBLM is a fast-growing business site with deep financial, media, tech, and other industry verticals.


- Never miss a story with notifications

- Gain full access to our premium content

We don’t spam! Read our privacy policy for more info.

Latest stories