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The IMF is concerned about the possible impact of the crisis on Moldova, which has close trade relations with both Russia and Ukraine.

The IMF is concerned about the possible impact of the crisis on Moldova, which has close trade relations with both Russia and Ukraine.

This opinion was expressed by IMF Managing Director Kristalina Georgieva on the air of the CBS television company. According to her, the International Monetary Fund does not currently believe that the situation in Ukraine can lead to a global financial crisis, although the consequences will affect a number of countries. “No,” she said, answering the related question. I can say what we are seeing at the moment. We are lowering our forecasts for global GDP growth in 2022. For those countries that have recovered quickly from the coronavirus crisis, this growth will be positive, but for those that lag behind, the consequences will be more severe.” Among the possible consequences of the Ukrainian crisis, mentioned by the head of the IMF, could be a famine in Africa, rising prices for energy, fertilizers and metals, as well as rising inflation. “We are talking about the US and developing countries like Mexico and Brazil,” Georgieva added. She expressed concern about the impact of the crisis in Ukraine on the rest of the world, in particular the situation with energy resources and inflation. “I am concerned that there are consequences that go beyond Ukraine and Russia,” she said. According to Kristalina Georgieva, the IMF is particularly concerned about the possible impact of the crisis on the countries of Central Asia, the Caucasus and Moldova, which "have closer trade relations with both Russia and Ukraine than with the rest of the world." “The impact is very serious. As for the influence, apart from the immediate neighbors of Russia and Ukraine, there are two groups of countries that cause great concern,” said the head of the Fund. “The first group: countries that have not yet recovered from the economic crisis caused by the coronavirus. For them, this shock is especially painful. The second group: the states most dependent on energy imports from Russia. This impact is not only on consumption, but also on inflation, which is becoming more pronounced,” Kristalina Georgieva stated // 14.03.2022 - InfoMarket

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