IMF chief invokes spirit of Churchill to ‘endure’ tough times

Kristalina Georgieva calls on governments to get their spending in order

by Michael Klimes

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IMF chief invokes spirit of Churchill to ‘endure’ tough times

Image: Samuel Corum/Bloomberg

The IMF chief has said it is a “time to dare and endure”, urging governments to press on with fiscal restraint and reforms to unlock economic productivity.

“In a world of more frequent shocks we know we will be tested again. To quote Winston Churchill: ‘This is not a time for ease and comfort. It is time to dare and endure’,” said the fund’s managing policy director Kristalina Georgieva during a briefing about the institution’s global policy agenda on Thursday.

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Michael Klimes

Michael Klimes is the investment banking and capital markets editor at The Banker. He joined the publication from Money Marketing where he was acting editor. He wrote about pensions for nine years on the retail and institutional side. He won B2B pensions journalist of the year at the Headline Money Awards 2022.