Kathmandu. International Monetary Fund (IMF) chief Kristalina Georgieva has called on all countries to work in coordination to minimise the impact of the war in the Middle East on the global economy.

Speaking at the opening of the 2026 Spring Meeting in New York, he warned that unilateral decision-making, export controls or price controls could further destabilize the global economy.

According to him, each country’s financial institutions should provide limited and temporary support to vulnerable groups, which should be consistent with medium-term economic planning. This will help provide relief to the economically stressed citizens but will not affect the long-term economic stability.

He also urged central banks to remain cautious and control inflation by raising interest rates if there are signs of uncontrollable inflation. He said that such a move will help in controlling the cycle of price rise. He also stressed the need to implement the economic assistance programmes in a tentative and clear timeframe.

He also pointed out the need for financial regulators to be alert, flexible and able to react quickly. Because the current situation is very changing. He said that micro and macro policies should be effectively implemented to maintain financial stability by using limited financial resources responsibly.

He pledged to provide the necessary financial support to member states and estimated that the demand for assistance for the balance of payments could reach between $20 billion and $50 billion in the short term due to the impact of the Middle East war.