“Even in the best case, there will be no neat and clean return to the status quo ante,” said International Monetary Fund (IMF) Managing Director Kristalina Georgieva at a curtain-raiser event for the Spring Meetings of the IMF and World Bank. As finance ministers and central bank governors gather in Washington, DC, they must contend with an unprecedented global energy shock caused by the Iran war and the closure of the Strait of Hormuz. As Georgieva emphasized, the impacts of the conflict will persist far into the future regardless of the outcome of the uneasy cease-fire and efforts to reopen the strait for global shipping. We sent our experts to IMF and World Bank headquarters to gather insights into how the international financial institutions are navigating this uncertain moment for the global […]