Kristalina Georgieva, IMF managing director, speaks on a panel at the World Economic Forum in Davos, Switzerland.

Global policymakers have made remarkable progress in tackling inflation without inducing a recession, but some work remains to be done, International Monetary Fund Managing Director Kristalina Georgieva said in Davos.

The World Economic Forum, colloquially called "Davos" after the location at which it's hosted in the Swiss mountains, is a yearly meeting of elites.

BAKU, Azerbaijan, January 24. This is the first time so far when inflation is being brought down, interest rates are still somewhat high, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said during the Global Economic Outlook panel at the World Economic Forum in Davos, Trend reports.

The World Economic Forum's annual gathering of elites in Davos has ended with many business leaders, world-class academics, top government officials and other elites casting an upbeat tone about economic prospects,

Annual Meeting of the World Economic Forum (WEF) takes place from 20-24 January in Davos, Switzerland. Here's a look at what can be expected at this year's meeting. View on euronews

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The head of the IMF, Kristalina Georgieva, was speaking at a panel in Davos alongside ECB President, Christine Lagarde. View on euronews

The European Central Bank's president responded Friday to U.S. President Donald Trump's accusation of unfair trade treatment by the European Union by calling for negotiations and mutual respect rather than a focus purely on trans-Atlantic trade figures.

In the face of global uncertainties, cooperation remains essential to advance the global economy and foster sustainable growth, said participants at

Davos: The World Economic Forum (WEF) concluded its annual meeting, calling for increased cooperation in the face of global challenges and uncertainty.

At the World Economic Forum, President Trump's return to the White House overshadowed traditional talk on climate change, trade and development.