The head of the International Monetary Fund urges countries to avoid a second Cold War

Al-Anbat - Majdoleen Sarrar

International Monetary Fund Managing Director Kristalina Georgieva says countries must do more to avoid the costly fallout of growing fragmentation of global trade and help avoid a "second Cold War."

Speaking at a news conference at the official start of the World Bank's and IMF spring meetings, Georgieva said that the question is whether more can be done in terms of securing supplies without over risking a second Cold War.

I'm one of those who experienced the consequences of the Cold War a loss of talent and international contribution, I don't want to see that repeated, she said, explaining that the world must rationally accept that there will be some cost, there will be some dispersion, but the costs must be kept low.