Transcript: IMF director Kristalina Georgieva on “Face the Nation,” April 14, 2024
April 14, 2024 / 12:06 PM EDT / CBS News The following is a transcript of an interview with Kristalina Georgieva, director of the International Monetary Fund, that aired on April 14, 2024. MARGARET BRENNAN: We’re back with the Managing Director of the International Monetary Fund Kristalina Georgieva – I got it right this time, I apologize. Oil markets. have been swinging because of this instability in the Middle East escalation risk, the threat to global shipping as well. Can you gauge at this point what the economic impact will be? INTERNATIONAL MONETARY FUND MANAGING DIRECTOR KRISTALINA GEORGIEVA: So far it has been somewhat moderate. We have seen on Friday, when the news of potential strike from Iran into Israel came, oil prices jumped by 1%. We have seen so far the impact of this conflict, primarily in the epicenter affecting Israel, and in particular, devastating Gaza and West Bank with spillovers to the neighboring countries. Even the shipping destruction in the Red Sea, has not yet led to a major impact. But any impact as small as it might be is not desirable in