The International Monetary Fund is ready to help those countries that may be affected by the collateral consequences of a possible conflict between Russia and Ukraine, as well as by possible sanctions imposed by Western governments, IMF Managing Director Kristalina Georgieva said today. [SPEAKING AT A FORUM ORGANIZED BY THE WASHINGTON POST, GEORGIEVA SAID THE SANCTIONS WOULD INEVITABLY AFFECT SOME ECONOMIC TRANSACTIONS AND THE FUNCTIONING OF THE FINANCIAL SYSTEM, ESPECIALLY IF RUSSIA DISCONNECTS FROM THE SWIFT SYSTEM THAT REGULATES INTERNATIONAL INTERBANK TRANSACTIONS.
"If we find ourselves in a situation where there are spill-over effects that require more engagement by the IMF for other countries, of course we will be there.
(CNA)
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