kristalina Georgieva IMF Managing Director wants Brexit trade talk extension to reduce “unprecedented uncertainty”.

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Managing director Kristalina Georgieva, the Bulgarian economist serving as Chairwoman and Managing Director of the International Monetary Fund since 2019.   Has reiterated that she would love that the UK and EU reduce uncertainty as much as possible in resp to the current trade talk extension.

When asked what she thought about the prospect of no trade deal this year and no extension to talks, she said to the BBC,  “unprecedented uncertainty” arising from the pandemic, it would be “wise not to add more on top of it”.

“I really hope that all policymakers everywhere would be thinking about [reducing uncertainty]. It is tough as it is, let’s not make it any tougher,” she said.

“My advice would be to seek ways in which this element of uncertainty is reduced in the interests of everybody, the UK, the EU, and the whole world.” That was her response when she was asked her personal opinion about extending trade talks in the UK and th4e EU

Ms. Georgieva says she is now preoccupied with trying to find ways to help alleviate “a global recession we have not seen in our lifetimes”, arising out of the pandemic.

The IMF chief expressed her joy e on the UK Treasury and Bank of England for their “early” and well co-ordinated economic response to the crisis.

She said: “That very strong package of measures is helping the UK, but given the UK’s sizeable role in the world economy, it’s actually helping everyone.”

The IMF is currently hosting a virtual version of its annual meetings with world finance ministers and bankers.

 

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