IMF chief warns global financial stability at risk from banking turmoil

Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses

The head of the International Monetary Fund has warned that the global economy faces risks to its financial stability because of the turbulence in the banking sector.

Kristalina Georgieva, the managing director of the Washington-based lender of last resort, said rising interest rates had put pressure on debts, leading to stresses" in leading economies, including among lenders.