IMF Chief Welcomes US–Iran Ceasefire Deal, Warns Energy Crisis Will Persist

WASHINGTON: International Monetary Fund (International Monetary Fund) Managing Director Kristalina Georgieva has welcomed the ceasefire agreement between the United States and Iran.

In a statement, the IMF Managing Director said that the ongoing energy crisis and disruptions in global supply chains will take time to fully resolve.

She added that due to damage to critical infrastructure, the restoration of supply networks cannot happen immediately.

Georgieva further noted that the pace of economic recovery will depend largely on the severity of the shock to energy supplies.