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IMF boss urges country leaders to resist public spending sprees

Kristalina Georgieva’s remarks come as EU countries brace for a difficult winter ahead.

Central bankers should continue to tighten monetary policy and politicians should resist pressure to spend public money in a way that could feed inflation, the International Monetary Fund’s Managing Director said Tuesday.

  • Paola Tamma
  • Politico

“Fighting inflation is the overwhelming priority everywhere,” Kristalina Georgieva said at an event by Bruegel, a Brussels-based think tank, adding that “fiscal policy has to provide cushions for the most vulnerable people … there will be pressure to do more for everybody, and that pressure needs to be resisted.”

The IMF has…

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