IMF Chief Georgieva Urges World To Avoid A 'Second Cold War'

Countries must do more to avert the costly consequences of growing global trade fragmentation and help avert a "second Cold War," the International Monetary Fund's managing director said on April 13. "I am among those who know what are the consequences of a Cold War: It is loss of talent and contribution to the world," Kristalina Georgieva told a news conference at the official start of the World Bank and IMF's spring meetings in Washington. Georgieva was born and raised in Bulgaria, a former Soviet satellite state.