IMF Managing Director Kristalina Georgieva praised bold economic policy changes in Germany, the UK, and Argentina, calling them examples of “the impossible becoming possible.”
Speaking during the IMF and World Bank spring meetings, Georgieva highlighted Germany’s major fiscal expansion—which breaks from its long-standing budget conservatism—as a positive move for broader European growth. “There are cheers in Europe because of your decision,” she told German officials.
She also welcomed the UK’s efforts to revive its economy through investment-friendly reforms and closer EU ties, joking that “when the divorcees are dating again,” it’s a good sign.
Argentina earned praise for achieving its first budget surplus in 14 years. President Javier Milei implemented deep spending cuts to combat inflation, which had neared 300%.
Despite global uncertainty, including ongoing U.S.-China trade tensions, Georgieva remains optimistic, estimating only a 30% risk of global recession.