IMF Chief Warns Saudi Attacks Threaten Global Economy And Energy Costs

Attacks on Saudi Arabia threaten global energy costs and economic stability, the IMF chief warned.

International Monetary Fund Managing Director Kristalina Georgieva warned that recent attacks targeting Saudi Arabia could drive up energy costs and create negative economic spillovers worldwide. Speaking in Bangkok during annual meetings, she emphasized the critical role the Saudi economy plays in regional and global stability. The warning comes as ongoing conflicts in the crude-rich region continue to disrupt economic forecasts.

• The settingKristalina Georgieva issued her warning at a news conference during the joint Annual Meetings of the IMF and the World Bank.
• The concernThe International Monetary Fund highlighted potential global spillovers as multiple conflicts rage across the crude-rich region.