WASHINGTON, April 10, 2026 (WAFA) – The Managing Director of the International Monetary Fund, Kristalina Georgieva, said that the recent oil shock has led to a decline in daily crude flows by 13% and natural gas flows by 20%, contributing to a sharp rise in global energy prices.

Speaking at an event held ahead of the upcoming spring meetings of the International Monetary Fund and the World Bank, Georgieva said the disruption has had widespread effects on global supply chains.

She noted that the impact of the shock has been uneven across countries, depending on proximity to conflict zones, whether states are energy exporters or importers, and their ability to adapt to market pressures.

Georgieva added that officials meeting at next week’s spring gatherings will focus on ways to manage the shock and reduce its impact on economies and populations worldwide, stressing that more than 80% of countries are net importers of oil.

She also urged policymakers to avoid unilateral measures such as export restrictions, warning that such actions could further destabilize global economic conditions.

M.N